USDJPY 4hour Analysis January 1st, 2023
USDJPY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling.
There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in the market.
The safest and most ideal scenario would be entering long for a retrace up to 135.000 resistance & our 61.8% fib level.
Trade scenario 2: The other likely scenario is that UJ continues to plummet without any structure. This would make a safe trade scenario very difficult to spot.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling.
There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in the market.
The safest and most ideal scenario would be entering long for a retrace up to 135.000 resistance & our 61.8% fib level.
Trade scenario 2: The other likely scenario is that UJ continues to plummet without any structure. This would make a safe trade scenario very difficult to spot.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.