USDJPY 30min Analysis March 10th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 108.500. We will then look for price to retrace and 108.500 to act as support. Enter on strong bullish setups, first targeting 108.900.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 108.370. We will then wait for a quick retest and for 108.370 to act as resistance. Enter on strong bearish setups, first targeting our key weekly level of 108.070
Trade Scenario 2: Bearish - For us to go short we need to see price break below 108.370. We will then wait for a quick retest and for 108.370 to act as resistance. Enter on strong bearish setups, first targeting our key weekly level of 108.070
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.