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Uj

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
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
USDJPY 4hour Analysis June 5th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish on UJ as we saw a massive rally last week up to our 131.000 resistance level. Ideally, we can spot a reversal here and ride price action to lower support levels. The problem with UJ at the moment is that the daily timeframe is beyond overextended. We desperately need structure formation for the daily which is all the way down near 125.000 support… a long way away. Trade scenario 2: I wouldn’t recommend any long scenarios until we spot daily structure.
Short
by ForexLeague
USDJPY 1hour Analysis May 22nd, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: UJ has been bearish on the 4hour lately but we are currently resting at 127.750 support. We are also consolidating quite a bit so we are going to wait for a clear break before entering in any trades. Ideally we continue bearish and can spot a lower high below 127.750 to enter short on. Trade scenario 2: For us to consider UJ bullish we need to see a bullish break of the range with structure above.
by ForexLeague
USDJPY 4hour Analysis May 15th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: On the higher time frames UJ is still very bullish while the 4hour is newly bearish. We saw this 4hour trend change once the support of the prior range near 129.600 was broken. From here we’re looking for lower highs and structure to continue bearish for confident short positions. Trade scenario 2: For us to consider UJ bullish again we ideally need to see a break back into the range. Look for higher lows above the range for confident long positions.
Short
by ForexLeague
UJ long termUsdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance. The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same. The current range is between 131.38 and 127.00. What do you guys think will happen with the japanese yen?
by mojh94
2
USDJPY 4hour Analysis May 8th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are no doubt bullish on UJ and in fact overextended on the higher timeframes. Going into this week I will not accept any scenario unless we get structure first. Ideally, price action pullsback to 127.700 & our 38.2% fib level and forms structure. From here we will look to enter long on a strong reversal + bullish setups. Trade scenario 2: If we are to consider UJ for short opportunities we need to see a lower high below 127.700.
by ForexLeague
USDJPY 4hour Analysis May 1st, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We’re starting to see things a bit more clearly on UJ. We are still very bullish and are due for a pullback. Keep in mind, on the higher timeframes we’re overextended but the 4hour timeframe is looking clear for now. The most likely scenario at the moment is that price action continues to be bullish and we see 4hour structure form near 127.700 in the form of a higher low. Trade scenario 2: For us to start considering short opportunities we need to see a lower high below 127.700 with strong bearish setups to enter on.
Long
by ForexLeague
USDJPY 4hour Analysis April 17th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking strongly bullish here on UJ and price action has not shown signs of slowing down yet. The likely scenario is that price action continues in this 4hour channel and moves higher. Be cautious entering long as we are over extended on the daily timeframe. Trade scenario 2: For us to consider UJ bearish we would need to see a break of this bullish channel. Look for a break below 125.700 first, we want to see price action test 125.000 as this is our key zone. How price action reacts at 125.000 will determine where we look for trades next. I personally would not consider short positions until I can spot a lower high below 125.000
Long
by ForexLeague