USDJPY 4hour Analysis August 21st, 2022

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USDJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Overall we are looking very bullish on UJ again.

To continue with the bullish trend we first need to see the next higher low confirmed close to 135.000. Look to enter long and target higher toward 137.000

Trade scenario 2: If we are to consider UJ bearish we would need to see a break below 135.000 with a confirmed lower high below.

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