EURJPY 30min Analysis February 25th, 2021
After a strong rejection during the NY session price is currently at our key weekly level at 129.400.
Trade Scenario 1: Bullish - For us to go long we want to see price break above 129.400. We will then wait for a retrace and for 129.400 to act as support. Enter on strong bullish setups, first targeting 129.900.
Trade Scenario 2: Bearish - For us to go short we are looking for a strong rejection off our weekly of 129.400. We will look to enter on strong bearish setups, first targeting 129.00.
Trade Scenario 1: Bullish - For us to go long we want to see price break above 129.400. We will then wait for a retrace and for 129.400 to act as support. Enter on strong bullish setups, first targeting 129.900.
Trade Scenario 2: Bearish - For us to go short we are looking for a strong rejection off our weekly of 129.400. We will look to enter on strong bearish setups, first targeting 129.00.
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