USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Aside from being clearly bullish we are staring at one ugly chart.
UJ recently dipped to our 38.2% fib level and rallied immediately back above our 134.000 zone.
From here we want to see strong higher lows and candlestick setups hinting at a continuation.
Look to target toward our -27% fib level
Trade scenario 2: For us to consider UJ bearish on this timeframe we need to see a break back below 134.000 support with structure in the form of a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Aside from being clearly bullish we are staring at one ugly chart.
UJ recently dipped to our 38.2% fib level and rallied immediately back above our 134.000 zone.
From here we want to see strong higher lows and candlestick setups hinting at a continuation.
Look to target toward our -27% fib level
Trade scenario 2: For us to consider UJ bearish on this timeframe we need to see a break back below 134.000 support with structure in the form of a lower high below.
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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.