EURJPY 30min Analysis April 12th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price rebound off our edge of value at 130.300. We will then enter on strong bullish setups, first targeting previous highs around 130.600

Trade Scenario 2: Bearish - For us to go short we need to see price break below our edge of value at 130.300. We will then wait for a retrace and for 130.300 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 130.000.