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Nov 28, 2021 11:12 PM

USDJPY 4hour Analysis November 28th, 2021 

U.S. Dollar/Japanese YenFXCM

Description

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.
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