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Tuesday, January 05, 2021

EURJPY 30min Analysis January 5th, 2021

EURJPY 30min Analysis January 5th, 2021

EUR/JPY OANDA:EURJPY

Price is very close to our current demand zone .

Trade Scenario 1: Bullish - For us to go long we want to see price form support at our demand zone around 126.050. We will wait for a strong bullish engulfing /variation to enter long.

Trade Scenario 2: Bearish - For us to go short we need to see price push to the downside with conviction. We will then wait for a retrace and for our current demand zone of 126.050 to flip as resistance.



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