USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen.
Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a total break of support at 110.000 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen.
Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a total break of support at 110.000 with a lower high below.