USDJPY 30min analysis April 5th, 2021

Trade Scenario 1: Bearish - For us to go short we want to see price retrace back to 110.350. We will then wait for price to reject off 110.350 and enter on strong bearish setups, first targeting our edge of value at 109.900.

Trade Scenario 2: Bullish - For us to go long we want to see price retrace back to our edge of value at 109.900. We will then wait for price to find support and enter on strong bullish setups, first targeting 110.400.