USDJPY 30min Analysis March 25th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 109.200. We will then wait for price to retrace and 109.200 to act as support. Enter on strong bullish setups, first targeting 109.500
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 109.200. We will then enter on strong bearish setups, first targeting 109.000
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 109.200. We will then enter on strong bearish setups, first targeting 109.000