AUDJPY 30min Analysis January 28th, 2021

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We had a strong push to the upside during the NY session today but price is currently at our resistance zone.

Trade Scenario 1: Bullish - For us to go long we need to see price push above our structure zone of 80.200. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.

Trade Scenario 2: Bearish - For us to go short we need to see price reject off our structure zone of 80.200. We will look to enter on strong bearish setups off this zone.

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