EURJPY 30min Analysis January 19th, 2021
Price is in between two key weekly levels and could begin to range. We are going to wait for a break out of this zone before entering a trade.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our key weekly level at 126.235. We will then wait for a retrace and for our weekly level to act as support. Enter on strong bullish setups
Trade Scenario 2: Bearish - For us to go short we want to see price break below our key weekly level at 125.780. We will then wait for a retrace and for our weekly level to act as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our key weekly level at 126.235. We will then wait for a retrace and for our weekly level to act as support. Enter on strong bullish setups
Trade Scenario 2: Bearish - For us to go short we want to see price break below our key weekly level at 125.780. We will then wait for a retrace and for our weekly level to act as resistance. Enter on strong bearish setups.