USDJPY 4hour Analysis March 13th, 2022
USDJPY Bullish
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area.
Currently we’re a bit overextended and identifying structure would be in our best interest.
Ideally, price action pulls back and forms a higher low for us to enter long on.
Trade scenario 2: For us to consider UJ bearish we would need to see structure form below 115.00
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area.
Currently we’re a bit overextended and identifying structure would be in our best interest.
Ideally, price action pulls back and forms a higher low for us to enter long on.
Trade scenario 2: For us to consider UJ bearish we would need to see structure form below 115.00
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