USDJPY 30min Analysis February 25th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly level at 106.200. We will then wait for our weekly to act as support and enter long on strong bullish setups. First targeting around 106.600
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly of 106.200. We will then wait for a retrace and for 106.200 to flip as resistance. We will enter on strong bearish setups, first targeting 105.800.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly of 106.200. We will then wait for a retrace and for 106.200 to flip as resistance. We will enter on strong bearish setups, first targeting 105.800.
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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.