USDJPY 4hour Analysis January 23rd, 2022

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USDJPY Neutral Idea

Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish

Trade scenario 1: We are looking very bearish here on USDJPY and price action has broken back into a range so our opportunity is very limited.

Ideally we see rejection from our new resistance near 114.150 followed by a confirming lower high.

Trade scenario 2: For us to start considering UJ bullish again we need to see a higher low above 114.150.

Aviso legal

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