GBPJPY 30min Analysis March 29th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price rebound off our edge of value at 151.200. We will then enter on strong bullish setups, first targeting around 151.800.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 151.200. We will then wait for a retrace and for 151.100 to act as resistance. Enter on strong bearish setups, first target 150.700
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 151.200. We will then wait for a retrace and for 151.100 to act as resistance. Enter on strong bearish setups, first target 150.700