EURJPY 30min Analysis March 3rd, 2021

Trade Scenario 1: Bullish - Price is rebounding off our key weekly. We will look to enter long on a strong bullish close on this 1h candle, first targeting previous highs around 129.400.

Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly level of 129.00. We will then wait for a retrace and for 129.00 to flip as resistance.