GBPJPY 30min Analysis April 5th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above 153.350. We will then wait for a retrace and for 153.350 to act as support. Enter on strong bullish setups, first targeting our point of control around 153.600.

Trade Scenario 2: Bearish - For us to go short we want to see price reject at 153.350. We will then wait for a retrace and for 153.350 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 152.900.