USDJPY 30min Analysis March 9th, 2021

Trade Scenario 1: Bullish - For us to go long we can enter on strong bullish setups off our structure zone of 108.500, first targeting previous highs around 109.100.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 108.500. We will then wait for a retrace and for 108.500 to flip as resistance, first targeting 108.100.