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USDJPY 4hour Analysis October 2nd, 2022

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ForexLeague  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction USDJPY USD jpy uj
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trendanalysis chartpattern indicator forex forexleague forexsignals priceaction usdjpy usd jpy uj
USDJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: We are still overall bullish on UJ but we are currently consolidating near 145.000 resistance.

The most likely scenario is a break of 145.000 with a bullish continuation.

Trade scenario 2: If UJ reverses at 145.000 and breaks lower, look to enter on lower highs and target down toward 142.850.
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