EURJPY 30min Analysis March 2nd, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our weekly level at 129.00. We will then look to enter on strong bullish setups, first targeting 129.40.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 129.00 with conviction. We will then wait for a retrace and for 129.00 to flip as resistance.