美元 / 日圓
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USDJPY 4hour Analysis November, 7th 2021

138
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.

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