USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overextended as sh*t… we need to see our next higher low above 113.000 to confirm a bullish continuation.
If this happens we can consider long opportunities to new highs. Keep in mind price action will remain fairly bullish as long as we are above 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a break back below 111.500 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overextended as sh*t… we need to see our next higher low above 113.000 to confirm a bullish continuation.
If this happens we can consider long opportunities to new highs. Keep in mind price action will remain fairly bullish as long as we are above 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a break back below 111.500 with a lower high below.