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Uj

USDJPY 4Hour Analysis August 8th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: UJ turned bullish at the end of last week and closed with huge bullish momentum. To enter on this potential move we need more data, if we do continue with this new bullish trend it’s ideal that we see a higher low clearly above the prior area of consolidation. Trade scenario 2: For us to consider short scenarios we need a lower high below 110.000 with strong bearish setups to follow.
by ForexLeague
USDJPY 4Hour Analysis August 1st, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall definitely bearish here on UJ. It looks like it could continue bearish but I doubt this momentum will sustain. I think it is more likely we will see UJ reverse at support and start to consolidate. Trade scenario 2: For us to consider UJ confirmed bearish we would ideally need to see a break below support here at 109.150 with a lower high below. With a lower high below that level we can comfortably take short positions and target toward new support levels.
by ForexLeague
USDJPY 4Hour Analysis July 24th, 2021USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Higher timeframes all point bullish on this pair and we’re looking good here on the 4hour but we’re still technically in an area of consolidation! Ideally we see a higher low form near the current level followed by strong bullish setups to enter long on. Look to target higher toward key resistance levels. Trade scenario 2: For us to consider UJ bearish we would at least need to see a break of support around 110.000 with a lower high confirmed below.
Long
by ForexLeague
USDJPY 4Hour Analysis July 18th, 2021USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Higher timeframes still point bullish although we did see price action on the 4hour fall to key support at 110.000 where we are now consolidating. Ideally we want to continue with the overall bullish trend as it is the most likely. Look for a significant break of resistance with higher low formations to enter on. Look to target higher toward key resistance around 111.500 Trade scenario 2: For us to consider UJ bearish we need to see a clear break below 110.000 with a confirmed lower high. Look to enter short on strong bearish setups after the lower high and target lower toward support near 109.150
Long
by ForexLeague
USDJPY 4Hour Analysis July 11th, 2021USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: UJ is overall bullish but we have seen a fairly strong 4hour bearish trend come into play here. Currently we are at key support near 110.000 and we’re looking for reversals. Ideally we can spot a higher low above 110.000 with strong bullish setups & confirmation. Look to enter long and target higher toward key resistance levels. Trade scenario 2: For us to consider UJ bearish we need to see a lower high below support at 110.000
Long
by ForexLeague
USDJPY 4Hour Analysis July 5th, 2021USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we’re very bullish and the trend looks like it will continue this way. We do have to keep in mind that our most key level is near 111.500. This means that we’re looking for buys once price action starts to form higher lows above and that we will look for shorts if we can spot a reversal with lower highs below 111.500. Trade scenario 2: For us to consider short opportunities we would need a clear reversal with plenty of confirmation. If this happens we will look to target lower toward major support levels.
Long
by ForexLeague