USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout.
Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000
Trade scenario 2: If this current attempt to push lower fails, look for a higher high above 113.450 to enter long on and target higher toward the top of the range.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout.
Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000
Trade scenario 2: If this current attempt to push lower fails, look for a higher high above 113.450 to enter long on and target higher toward the top of the range.