GBPJPY 30min Analysis March 2nd, 2021
Trade Scenario 1: Bearish - For us to go short we want to see price reject off 149.200 and break below 148.800. We will then wait for a retrace and for 148.800 to flip as resistance. Enter on strong bearish setups, first targeting 148.400
Trade Scenario 2: Bullish - For us to go long we want to see price break above 149.200. We will then wait for a retrace and for 149.200 to act as support. Enter on strong bullish setups, first targeting 149.800.
Trade Scenario 2: Bullish - For us to go long we want to see price break above 149.200. We will then wait for a retrace and for 149.200 to act as support. Enter on strong bullish setups, first targeting 149.800.