USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Neutral
Trade scenario 1: We have a wild range here on UJ so we have to play it safe. Overall we are pretty bullish on the higher timeframes.
Ideally, we see bullish price action break the range and resistance near 114.150 and present a higher low above.
Trade scenario 2: For us to consider UJ bearish we would need to see bearish price action break the range.
You could trade the range if you want but I do not recommend it.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Neutral
Trade scenario 1: We have a wild range here on UJ so we have to play it safe. Overall we are pretty bullish on the higher timeframes.
Ideally, we see bullish price action break the range and resistance near 114.150 and present a higher low above.
Trade scenario 2: For us to consider UJ bearish we would need to see bearish price action break the range.
You could trade the range if you want but I do not recommend it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.