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USDJPY 4Hour Analysis October 3rd, 2021

Panjang
Dolar A.S. / Yen Jepun (FX:USDJPY)  
ForexLeague  
FX:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Chart Patterns Technical Indicators Forex forexleague priceaction USDJPY uj Technical Analysis
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trendanalysis chartpattern indicator forex forexleague priceaction usdjpy uj technicalanalysis
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.
Penafian

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