GBPJPY 30min Analysis February 25th, 2021

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Price is currently between value areas. We are waiting for a break in either direction towards are points of control.

Trade Scenario 1: Bullish - For us to go long we want to see price break above 149.100. We will then wait for a retrace and for price to find support at 149.100. We will enter on strong bullish setups, targeting previous highs around 150.00

Trade Scenario 2: Bearish - For us to go short we want to see price reject around 149.00. We will enter on strong bearish setups off this level, first targeting 148.400.

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