USDJPY 30min Analysis March 15th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 109.200. We will then wait for a retrace and for 109.200 to flip as support. Enter on strong bullish setups, first targeting 109.500
Trade Scenario 2: Bearish - For us to go short we need to see price break below 109.100 with conviction. We will then wait for a retrace and for 109.100 to flip as resistance. Enter on strong bearish setups, first targeting 108.900
Trade Scenario 2: Bearish - For us to go short we need to see price break below 109.100 with conviction. We will then wait for a retrace and for 109.100 to flip as resistance. Enter on strong bearish setups, first targeting 108.900