USDJPY 30min analysis April 15th, 2021
Trade Scenario 1: Bearish - For us to go short we want to see price break below 108.650. We will then wait for a retrace and for 108.650 to act as resistance. Enter on strong bearish setups, first targeting 108.500.
Trade Scenario 2: Bullish - For us to go long we want to see price break above 108.750. We will then wait for a retrace and for 108.750 to act as support. Enter on strong bullish setups, first targeting 108.950.
Trade Scenario 2: Bullish - For us to go long we want to see price break above 108.750. We will then wait for a retrace and for 108.750 to act as support. Enter on strong bullish setups, first targeting 108.950.