USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish now on UJ but we are currently waiting for reactions around our 127.500 zone.
If we are to continue bearish we need to see a significant lower high below 127.500
Trade scenario 2: For us to consider UJ bullish on the 4hour timeframe we need to see a higher low above 127.500 with good candlestick setups to follow.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish now on UJ but we are currently waiting for reactions around our 127.500 zone.
If we are to continue bearish we need to see a significant lower high below 127.500
Trade scenario 2: For us to consider UJ bullish on the 4hour timeframe we need to see a higher low above 127.500 with good candlestick setups to follow.
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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.