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USDJPY 4hour Analysis June 19th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Aside from being clearly bullish we are staring at one ugly chart. UJ recently dipped to our 38.2% fib level and rallied immediately back above our 134.000 zone. From here we want to see strong higher lows and candlestick setups hinting at a continuation. Look to target toward our -27% fib level Trade scenario 2: For us to consider UJ bearish on this timeframe we need to see a break back below 134.000 support with structure in the form of a lower high below.
Long
by ForexLeague
AUDJPY 4hour Analysis June 19th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are still overall bullish on AJ and we can identify our key zone around 93.000. As long as we are above 93.000 we are generally bullish. Look for strong rejection off 93.000 with clear characteristics of a bullish trend. Look to ride the trend and only enter long on higher lows near support levels. Trade scenario 2: For us to consider AJ bearish we would need to see a break below 93.000 with a lower high below.
Long
by ForexLeague
EURJPY 4hour Analysis June 12th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level. From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000 Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.
Long
by ForexLeague
USDJPY 4hour Analysis June 12th, 2022USDJPY 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.
Long
by ForexLeague
AUDJPY 4hour Analysis June 12th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone. How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher. Look to enter long on conviction after a higher low is confirmed. Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
Long
by ForexLeague
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