USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking bullish on UJ as we approach major resistance around 145.000.
If we are to consider trades we need to see a significant higher low above 142.850 then we can target higher. If not, we will have to wait for reactions around 145.000
Trade scenario 2: For us to consider UJ ready for shorts we would need to see a lower high below 142.850 support.
Look to target lower toward 140.000 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking bullish on UJ as we approach major resistance around 145.000.
If we are to consider trades we need to see a significant higher low above 142.850 then we can target higher. If not, we will have to wait for reactions around 145.000
Trade scenario 2: For us to consider UJ ready for shorts we would need to see a lower high below 142.850 support.
Look to target lower toward 140.000 support.