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Wednesday, January 13, 2021

EURJPY 30min Analysis January 13th, 2021

EURJPY 30min Analysis January 13th, 2021

EUR/JPY OANDA:EURJPY

Price has been in a strong downtrend for the week but we are within our demand zone and key weekly level and price is starting to find support.

Trade Scenario 1: Bullish - For us to go long we need a break of structure and price to push above 126.600 with conviction. We will then look for a retrace and for 126.600 to flip as support.

Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 126.234. We will then wait for a retest and for the weekly level to flip as resistance. Enter on strong bearish setups.



from Trading Ideas https://ift.tt/3qfTRAg
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