GBPJPY 30min Analysis March 16th, 2021

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Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to 151.200. We will then wait for price to find support and enter long on strong bullish setups, first targeting 151.800

Trade Scenario 2: Bearish - For us to go short we need to see price break below 151.200. We will then wait for a retrace and for 151.200 to flip as resistance. Enter on strong bearish setups, first targeting 150.800.

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