USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are clearly still within a 4hour range held slightly above massive support near 113.000.
The most likely trade scenario for price action is to consolidate within this range after a high volume move.
Trade scenario 2: While we remain above 113.000 support we’re generally looking for long opportunities. Ideally, if we can spot a confirmed higher low above 114.150 we can target higher.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are clearly still within a 4hour range held slightly above massive support near 113.000.
The most likely trade scenario for price action is to consolidate within this range after a high volume move.
Trade scenario 2: While we remain above 113.000 support we’re generally looking for long opportunities. Ideally, if we can spot a confirmed higher low above 114.150 we can target higher.