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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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.