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Tuesday, March 16, 2021

USDJPY 30min Analysis March 16th, 2021

USDJPY 30min Analysis March 16th, 2021

USD/JPY OANDA:USDJPY

Trade Scenario 1: Bullish - For us to go long we need to see price break above 109. 05 . We will then wait for a retrace and for 109. 05 to act as support. Enter on strong bullish setups, first targeting previous highs around 109.250.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 108.950. We will then wait for a retrace and for 108.950 to flip as resistance. Enter on strong bearish setups, first targeting 108.700.



from Trading Ideas https://ift.tt/2OxRLPe
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