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Uj

USDJPY 4Hour Analysis May 30th, 2021USDJPY Long Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish on UJ but we can see that it is a bit overextended on the 4hour timeframe. From here we ideally want to see a sort of pullback to key support & a level of confluence. So for now we will wait for a pullback with a confirmed higher low closer to 109.150. Look to enter long on strong bullish setups are target higher toward resistance around 110.000. Trade scenario 2: For us to consider UJ bearish and ready for shorts we really need to see a lot of bearish price action. We can see we are in an ascending channel so for us to really say UJ is bearish we need to see the channel break as well as a broken prior higher low. Look to enter short after we can confirm a lower high below our 109.150 level.
Long
by ForexLeague
1
USDJPY 4Hour Analysis May 23rd, 2021USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We have been pretty bullish on UJ recently but price action has locked into this range. For us to consider UJ bullish again we need to see a higher low above our 109.200 level. Look to enter long on strong bullish setups confirming the higher low. Target higher toward resistance near 110.000 Trade scenario 2: For us to consider UJ bearish we need to see a bearish break of this range. In the meantime, look for a reversal at resistance near 109.200 and target lower toward the bottom of the range.
by ForexLeague
USDJPY 4Hour Analysis May 9th, 2021USDJPY Short Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we are bullish on higher timeframes but we have been seeing a very strong 4hour bearish trend. Currently price action is at support in a prior range at 108.400. If we break lower we will be looking for a lower high below 108.400 where we will be looking for short opportunities. This level is extremely important because if we see a confirmed transition of 108.400 it changes our bias on the daily trend to bearish. Look to target lower toward support at 107.000 Trade scenario 2: Price action just fell back into the range between 108.400 & 109.200 so we can potentially spot a long scenario in two ways. We see a reversal at support (108.400) where you could enter on a lower timeframe and target the top of the range. Wait for a break back above the range and enter long on a confirmed higher low.
Short
by ForexLeague
USDJPY 4Hour Analysis May, 2nd, 2021USDJPY Long Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: On the weekly timeframe we are very bearish but as of last week we are now very bullish on the daily and 4hour timeframes. Ideally, we want to continue with the 4hour trend through the week so we will first be looking for long opportunities. For now we want to see price action rally a bit higher then pullback to form a higher low above 109.200. Look to enter long after the higher low and strong confirmation, target higher toward prior highs and key resistance levels. Trade scenario 2: For us to consider UJ bearish we first need to see price action fail at current resistance. Look for price action to fall back into the range and start forming some lower highs. You can enter short on a strong reversal at the current level (riskier option) or wait for a break of support at 108.400 with a lower high below.
Long
by ForexLeague
USDJPY 4Hour Analysis April 25th, 2021USDJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: All significant timeframes on UJ are now bearish after a break of 108.400 and now we’re going to favor a continuation at the current level of price action. Ideally, we get a retest of 108.400 with a strong reversal confirming a lower high. Look to enter short on strong bearish setups and target lower toward key support near 107.000 Trade scenario 2: For us to consider UJ bullish we need to see a break back above 108.400 with a higher low to confirm. Enter long on bullish setups/confirmation and target higher toward resistance.
Short
by ForexLeague
USDJPY 4Hour Analysis March 21st, 2021USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall this pair is extremely bullish and overextended. We can spot 2 potential long scenarios based on current price action. Either buy off a bounce off support at 108.425 or buy after a confirmed reversal near our 38.2% fib level. Trade scenario 2: For now we can say we are definitely due for a pullback and that lower timeframe short positions are likely for the week ahead. If we see a push below 108.425 look to short into next relevant support levels.
by ForexLeague
USDJPY Bullish Trend ContinuationAs we all know, a couple of weeks back UJ created an "Inverted Head & Shoulders" and has broken structure to the upside creating what we currently have, a bullish trend. it has already made its new higher highs and higher lows so I'm expecting once again ANOTHER retracement into my zone drawn at the past higher high, a rejection from the zone, then a long term trend continuation at least(potentially) to resistance area 109.580. On the other hand , this current bullish trend could be just a mere PULLBACK on the WEEKLY & MONTHLY time frame! So if market structure is broken during the retracement phase, then we can expect(potentially) price to continue down to the MOST RECENT low per the WEEKLY time frame. Support area 102.590 * This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor. *
Long
by Rhoward29
4