USDJPY 30min Analysis March 24th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 108.950. We will then wait for price to retrace and 108.950 to act as support. Enter on strong bullish setups, first targeting 109.200
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 108.950. We will then look to enter short on strong bearish setups off this level, first targeting 108.700.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 108.950. We will then look to enter short on strong bearish setups off this level, first targeting 108.700.