USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Still very bullish on UJ and it looks like it’s getting ready for it’s next move.
Price action recently formed a higher low above 134.000 and is showing signs of bullish conviction which could bring us to a new high.
Look for strong conviction right now to enter long. Look to target higher toward the prior high and -27% fib level.
Trade scenario 2: For us to see UJ as more bearish we first need to see a break of 134.000 with structure below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Still very bullish on UJ and it looks like it’s getting ready for it’s next move.
Price action recently formed a higher low above 134.000 and is showing signs of bullish conviction which could bring us to a new high.
Look for strong conviction right now to enter long. Look to target higher toward the prior high and -27% fib level.
Trade scenario 2: For us to see UJ as more bearish we first need to see a break of 134.000 with structure 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.