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USDJPY 4hour Analysis November 21st, 2021

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Neutral Idea

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

Trade scenario 1: Looking like we’re back within the 4hour range here on UJ. The most likely scenario is that price action will continue to play the range.

Trade scenario 2: For us to consider UJ bullish again we need to see a higher low above 114.150.

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