USDJPY 30min Analysis March 11th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above 108.600. We will then wait for a retrace and for 108.600 to act as support. Enter on strong bullish setups, first targeting previous highs around 108.900.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our support zone of 108.350. We will then wait for a retrace and for 108.350 to flip as resistance, first targeting 108.100.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our support zone of 108.350. We will then wait for a retrace and for 108.350 to flip as resistance, first targeting 108.100.
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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.