CADJPY 30min Analysis March 30th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 87.45. We will then wait for a retrace and for 87.45 to act as support. Enter on strong bullish setups, first targeting previous highs around 87.60

Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 87.40. We will then enter on strong bearish setups, first targeting 87.00