USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone.
If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish again we first need to see a break above 137.000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone.
If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish again we first need to see a break above 137.000 with a higher low above.