USDJPY 30min analysis April 13th, 2021

Trade Scenario 1: Bearish - For us to go short we want to see price retrace back to our edge of value around 109.200. We will then wait for price to reject off 109.200 and enter on strong bearish setups, first targeting our point of control around 108.900.

Trade Scenario 2: Bullish - For us to go long we want to see price break above our edge of value at 109.200. We will then wait for a retrace and for 109.200 to act as support. Enter on strong bullish setups, first targeting 109.600.