USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish on UJ but we are currently consolidating near 145.000 resistance.
The most likely scenario is a break of 145.000 with a bullish continuation.
Trade scenario 2: If UJ reverses at 145.000 and breaks lower, look to enter on lower highs and target down toward 142.850.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish on UJ but we are currently consolidating near 145.000 resistance.
The most likely scenario is a break of 145.000 with a bullish continuation.
Trade scenario 2: If UJ reverses at 145.000 and breaks lower, look to enter on lower highs and target down toward 142.850.