USDJPY 30min Analysis March 22nd, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price bounce off our trend line at 108.800. We will then enter on strong bullish setups, first targeting 109.050
Trade Scenario 2: Bearish - For us to go short we need to see price retrace 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 108.450.
Trade Scenario 2: Bearish - For us to go short we need to see price retrace 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 108.450.