USDJPY 30min analysis April 14th, 2021
Trade Scenario 1: Bearish - For us to go short we want to see price reject off 108.950. We will then wait for a retrace and for 108.950 to act as resistance. Enter on strong bearish setups, first targeting 108.700.
Trade Scenario 2: Bullish - For us to go long we want to see price break above our edge of value at 109.000. We will then wait for a retrace and for 109.000 to act as support. Enter on strong bullish setups, first targeting 109.200.
Trade Scenario 2: Bullish - For us to go long we want to see price break above our edge of value at 109.000. We will then wait for a retrace and for 109.000 to act as support. Enter on strong bullish setups, first targeting 109.200.