USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish going into this week. UJ is performing exactly how we want it to after the recent bearish volume we’ve seen.
Price action is currently respecting 145.000 support and could be setting up for a nice long opportunity soon.
Going into this week look for further bullish rejection off of our 145.000 support zone and look to target higher toward 150.000 resistance.
Trade scenario 2: For us to see UJ as more of a bearish chart we need to see key support at 145.000 broken. If we see this look for lower highs below to confirm the bearish trend.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish going into this week. UJ is performing exactly how we want it to after the recent bearish volume we’ve seen.
Price action is currently respecting 145.000 support and could be setting up for a nice long opportunity soon.
Going into this week look for further bullish rejection off of our 145.000 support zone and look to target higher toward 150.000 resistance.
Trade scenario 2: For us to see UJ as more of a bearish chart we need to see key support at 145.000 broken. If we see this look for lower highs below to confirm the bearish trend.