USDJPY 30min analysis April 7th, 2021

Trade Scenario 1: Bearish - For us to go short we want to see price break below 109.740. We will then wait for a retrace and for price to reject off 109.740. Enter on strong bearish setups, first targeting point of control around 109.400.

Trade Scenario 2: Bullish - For us to go long we want to see price break above our edge of value at 109.900. We will then wait for a retrace and for 109.900 to act as support. Enter on strong bullish setups, first targeting 110.200.