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Monday, January 11, 2021

EURJPY 30min Analysis January 11th, 2021

EURJPY 30min Analysis January 11th, 2021

EUR/JPY OANDA:EURJPY

Price is at our key structure level finding support and we are looking for price to break out of the current downward trend.

Trade Scenario 1: Bullish - For us to go long we need to see price break above 126.800. We will then look for a retrace and for price to find support at 126.800. Enter on strong bullish setups

Trade Scenario 2: Bearish - For us to look short we need to see price break below 126.550 with conviction. We will then wait for a retrace and for 126.550 to flip as resistance. Enter on strong bearish setups.



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