USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on UJ but we are clearly pulling back to find support.
Ideally we can spot a reversal around 110.300 which also lines up with our 61.8% fib level. Look to target higher once we can confirm a higher low around this area.
Trade scenario 2: For us to consider UJ bearish we would first need to see a break back below 110.000.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on UJ but we are clearly pulling back to find support.
Ideally we can spot a reversal around 110.300 which also lines up with our 61.8% fib level. Look to target higher once we can confirm a higher low around this area.
Trade scenario 2: For us to consider UJ bearish we would first need to see a break back below 110.000.