GBPJPY 30min Analysis March 25th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 150.150. We will then wait for a retrace and for 150.150 to act as support. Enter on strong bullish setups, first targeting 150.750.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 150.150. We can aggressively enter on the first strong rejection or wait for a double top and enter on the second rejection. Once short we will first target 149.100.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 150.150. We can aggressively enter on the first strong rejection or wait for a double top and enter on the second rejection. Once short we will first target 149.100.