Trade scenario 1: Back to bullish! UJ is shaping up nicely here with a clear 4hour bullish transition.
Currently, price action is resting near 115.350 support and we’re waiting for either another higher low with strong bullish setups or some consolidation with later conviction candles to enter long on.
Trade scenario 2: For us to consider UJ bearish we first would need to see a break of 115.000 support with a lower high below.