USDJPY 4hour Analysis December 11th, 2022
USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend.
Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level.
Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend.
Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level.
Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
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