GBPJPY 30min Analysis February 22nd, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our structure zone of 147.700. We will look to enter long on strong bullish setups off this zone, first targeting previous highs around 148.200.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our structure zone of 147.700. We will then wait for a retrace and for 147.700 to flip as resistance. We will then target previous lows around 147.400.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our structure zone of 147.700. We will then wait for a retrace and for 147.700 to flip as resistance. We will then target previous lows around 147.400.
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