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Uj

USDJPY 4hour Analysis January 1st, 2023USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling. There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in the market. The safest and most ideal scenario would be entering long for a retrace up to 135.000 resistance & our 61.8% fib level. Trade scenario 2: The other likely scenario is that UJ continues to plummet without any structure. This would make a safe trade scenario very difficult to spot.
by ForexLeague
1
USDJPY Buy H4UJ has slowly been gaining momentum since the 700-pip drop last week due to the BOJ Monetary Policy announcement. The pairing finally saw a strong directional bias today after ranging between small resistance and support price points. The 4 hour chart seems to be showing a bullish bias. Expecting the price to continue to push up, even if slowly. Entry: 134.500 Targets: 134.750 | 135.000 | 135.230 | 135.450 | 135.600 Resistance: 135.740 Support: 132.450 Be sure to like this post and let me know what you think in the comments below!
Long
by DollarYenQueen
4
USDJPY 4hour Analysis December 18th, 2022USDJPY 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.
Short
by ForexLeague
USDJPY 4hour Analysis December 11th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend. Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level. Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
Short
by ForexLeague
USDJPY 4hour Analysis December 4th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible. Look to target lower toward 131.000 if this happens. Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.
Short
by ForexLeague
USDJPY 4hour Analysis November 27th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ is looking very bearish lately and currently we are at a low, just below 140.500 resistance. Going into this week we want to continue the overall bearish trend but we need to see something clear. Ideally, price action rejects 140.500 with convincing bearish variations we can enter short on. Look to target lower toward 137.000 support. Trade scenario 2: For us to consider UJ bullish again we would need to see a break above 140.500 with a confirmed higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis November 20th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ fell off hard last week and has been hanging around this new low below 140.500. We are technically in a phase of consolidation so we will have to wait to see some conviction kick in. Ideally, price action continues bearish and proves so by rejecting 140.500 and forming clear bearish variations we can enter short on. Trade scenario 2: The other likely scenario is a rally from UJ. It’s not uncommon to see a large retracement after a recent high volume push. So if this happens look for higher lows above 140.500. We will try and catch the pullback to 145.000 if this happens.
Short
by ForexLeague
USDJPY 4hour Analysis November 13th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more and more bearish on UJ as we change higher timeframe trends. Going into this week we want to look for structure, so that means a lower high forming near 140.500 with convincing bearish variations to short on. Trade scenario 2: The other likely scenario is UJ going for a more dramatic retrace up to 145.000. Look for higher lows above 140.500 to confirm this.
Short
by ForexLeague
2
USDJPY - The Falling Empire?USDJPY - one of the most excruciating yet an amazing pair of the year, has finally found a ceiling up there!? One way or the way, in life, yes, but in pairs, rarely. UJ was one of them, rocketing more than a 2000+pips within a year was extraordinarily fascinating. Now, UJ seem to be falling and has broken many structures and supports rapidly Since the new government of UK was in-play. we could see potential gains from the supports ahead with the aid of slowed move economic news. next week there could be yet just another rapid fallout or maybe some retracements to show some lovely algorithms pattern as it has always been showing.
Short
by Lavimystic
1
USDJPY 4hour Analysis November 6th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we have seen UJ be extremely bullish the last few months but now we’re seeing some 4hour bearishness with a ton of consolidation. Ideally this descending triangle pattern holds and price action continues bearish again. Look for clear bearish conviction to enter short. Trade scenario 2: For us to consider UJ bullish again we would first need to break some lower highs and start heading toward 150.000 resistance again.
Short
by ForexLeague
1