GBPJPY 30min Analysis March 1st, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 149.00. We will then wait for a retrace and for price to find support around 149.00. Enter on strong bullish setups, first targeting previous highs around 150.00
Trade Scenario 2: Bearish - For us to go short we need to see price break below 148.400.We will then wait for a retrace and for 148.400 to flip as resistance. Enter on strong bearish setups, first targeting around 147.600.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 148.400.We will then wait for a retrace and for 148.400 to flip as resistance. Enter on strong bearish setups, first targeting around 147.600.
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