USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible.
Look to target lower toward 131.000 if this happens.
Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible.
Look to target lower toward 131.000 if this happens.
Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.