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USDJPY 4hour Analysis February 6th, 2022

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ForexLeague  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction USDJPY USD jpy uj
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trendanalysis chartpattern indicator forex forexleague forexsignals priceaction usdjpy usd jpy uj
USDJPY Bullish Idea

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

Trade scenario 1: Looking very bullish here on UJ and it seems to be setting up nicely for a long opportunity. We need to see a higher low above our 115.000 level before we enter a position.

Trade scenario 2: For us to consider UJ bearish would need to see price action fall back below 115.000 and form a lower high below.
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