USDJPY 30min Analysis January 21st, 2021
Price is at our key structure zone of 103.600.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 103.600. We will then wait for a retest and for 103.600 to flip as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level at 103.370. We will then wait for a retest and for our weekly level to flip as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 103.600. We will then wait for a retest and for 103.600 to flip as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level at 103.370. We will then wait for a retest and for our weekly level to flip as resistance. Enter on strong bearish setups.
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