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EURJPY 4hour Analysis July 31st, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish this week! We just saw a break of our 137.000 zone and now we’re looking to continue lower. Ideally, price action rejects our 137.000 zone and forms clear structure we can enter short on. Look to target lower toward 133.000 Trade scenario 2: For us to consider EJ more bullish we need to see a break back above 137.000 with a higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis July 31st, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down. Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000 Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
Short
by ForexLeague