USDJPY 30min Analysis March 2nd, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our weekly zone of 106.700. We will then look to enter on strong bullish setup off this zone, first targeting previous highs around 107.00.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly level of 106.640. We will then wait for a retrace and for our weekly level to act as resistance.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly level of 106.640. We will then wait for a retrace and for our weekly level to act as resistance.
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