USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Last week we saw a huge drop on UJ but it is still bullish, that’s how bullish overall we have been on higher timeframes.
Ideally, we would love to see some consolidation to get a clearer look at price action but all we have is volume so scenarios are scarce.
The most likely scenario is price action surging back to 150.000 with consolidation following.
Trade scenario 2: If we are to consider another scenario we would look for price action to fall lower with consolidation closer to our 145.000 support level.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Last week we saw a huge drop on UJ but it is still bullish, that’s how bullish overall we have been on higher timeframes.
Ideally, we would love to see some consolidation to get a clearer look at price action but all we have is volume so scenarios are scarce.
The most likely scenario is price action surging back to 150.000 with consolidation following.
Trade scenario 2: If we are to consider another scenario we would look for price action to fall lower with consolidation closer to our 145.000 support level.