USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking bearish on the daily & 4hour timeframe for UJ and we’re looking to continue with that bearish trend.
Ideally price action breaks support at 133.000 and forms structure below. Look to target lower toward key support around 129.500.
Trade scenario 2: For us to consider UJ more bullish we would need to see rejection off 133.000 support right now and start pushing higher.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking bearish on the daily & 4hour timeframe for UJ and we’re looking to continue with that bearish trend.
Ideally price action breaks support at 133.000 and forms structure below. Look to target lower toward key support around 129.500.
Trade scenario 2: For us to consider UJ more bullish we would need to see rejection off 133.000 support right now and start pushing higher.
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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.