USDJPY 4hour Analysis September 11th, 2022
USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overall bullish and is still far away from being considered bearish.
The most likely move is a continuation at confluence near our 38.2% fib level & 140.000 zone.
Look to target higher toward 0% & our -27%.
Trade scenario 2: For us to start looking at UJ more bearishly we would need to see a break below our 140.000 with very convincing structure below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overall bullish and is still far away from being considered bearish.
The most likely move is a continuation at confluence near our 38.2% fib level & 140.000 zone.
Look to target higher toward 0% & our -27%.
Trade scenario 2: For us to start looking at UJ more bearishly we would need to see a break below our 140.000 with very convincing structure below.
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