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Uj

USDJPY 4hour Analysis January 16th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish. Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear. The most likely scenario is that price action finds resistance around 114.150 and falls back into the range. Trade scenario 2: For us to consider UJ bullish we would first need to see a higher low above 114.150 resistance.
by ForexLeague
watch for UJ sell next weekWe can see the uptrend from the previous has now been broken. The US dollar did have hard news last week while Japan had some great news on their end. The buyers will come in on Sunday and see if they can get ahead again but it looks like its in a retrace and the bears should start to take charge. If this is in a bearish direction. The first TP would be 113.110 as that is when price will start to retrace again. Let me know what you think will happen this week.
Short
by Theofficialcutty
2
USDJPY 4hour Analysis January 9th, 2021USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are extremely over extended here on UJ. For us to enter long we need to see a pullback with a structure forming higher low. Keep in mind that UJ is still overall bullish as long as we’re above 114.150. Trade scenario 2: No short opportunities are available yet. We would need to see a massive amount of bearish pressure breaking through support levels as low as 114.150 first.
Long
by ForexLeague
USDJPY 4hour Analysis December 12th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately. The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area. To play this safely we’re looking for higher lows above 114.150 Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.
by ForexLeague
1
USDJPY 4hour Analysis November 14th 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Neutral Trade scenario 1: We have a wild range here on UJ so we have to play it safe. Overall we are pretty bullish on the higher timeframes. Ideally, we see bullish price action break the range and resistance near 114.150 and present a higher low above. Trade scenario 2: For us to consider UJ bearish we would need to see bearish price action break the range. You could trade the range if you want but I do not recommend it.
by ForexLeague
USDJPY - Live Weekly Elliott plotAs per plotting of the Weekly in Advanced Get - we will update these ideas & add daily plots. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
by Mayfair_Ventures
USDJPY 4hour Analysis November, 7th 2021USDJPY 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.
Short
by ForexLeague
USDJPY 4hour Analysis October 31st, 2021USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Clear bullishness here on UJ but we can see on the 4hour that we have a bit of a range forming. Ideally we continue with the overall bullish trend and enter long after we can see a higher low above the range. Trade scenario 2: The other trade idea would be to play the range and catch a reversal near the top of the range while targeting the bottom.
Long
by ForexLeague
USDJPY Daily Analysis October 24th, 2021USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Finally UJ retraced after a very extended rally. From here we’re looking for a reversal near our 38.2% fib level. Look to enter long on bullish setups confirming structure. Trade scenario 2: If we see a break of our weekly near 113.000 we will consider entering short on lower highs below 113.000. Look to target lower toward support around 111.500.
Long
by ForexLeague