USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Higher timeframes all point bullish on this pair and we’re looking good here on the 4hour but we’re still technically in an area of consolidation!
Ideally we see a higher low form near the current level followed by strong bullish setups to enter long on. Look to target higher toward key resistance levels.
Trade scenario 2: For us to consider UJ bearish we would at least need to see a break of support around 110.000 with a lower high confirmed below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Higher timeframes all point bullish on this pair and we’re looking good here on the 4hour but we’re still technically in an area of consolidation!
Ideally we see a higher low form near the current level followed by strong bullish setups to enter long on. Look to target higher toward key resistance levels.
Trade scenario 2: For us to consider UJ bearish we would at least need to see a break of support around 110.000 with a lower high confirmed below.