USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is extremely bullish and is currently resting at our 134.000 resistance zone.
We ideally want to see more normal structure before taking a trade but the likely scenario for this week is looking like price action will just continue bullish.
Trade scenario 2: For us to consider UJ bearish we would need to see a sharp reversal from 134.000 resistance with strong bearish setups to follow.
Look to target lower toward 131.000 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is extremely bullish and is currently resting at our 134.000 resistance zone.
We ideally want to see more normal structure before taking a trade but the likely scenario for this week is looking like price action will just continue bullish.
Trade scenario 2: For us to consider UJ bearish we would need to see a sharp reversal from 134.000 resistance with strong bearish setups to follow.
Look to target lower toward 131.000 support.
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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.