USDJPY 30min analysis April 6th, 2021
Trade Scenario 1: Bearish - For us to go short we want to see price break below 109.740. We will then wait for a retrace and for price to reject off 109.740. Enter on strong bearish setups, first targeting point of control around 109.400.
Trade Scenario 2: Bullish - For us to go long we want to see price find support at 109.740. We will then enter on strong bullish setups, first targeting 110.000.
Trade Scenario 2: Bullish - For us to go long we want to see price find support at 109.740. We will then enter on strong bullish setups, first targeting 110.000.