GBPJPY 30min Analysis March 18th, 2021

262
Trade Scenario 1: Bullish - For us to go long we need to see price break above 151.900. We will then wait for a retrace and for 151.900 to flip as support. Enter on strong bullish setups, first targeting previous highs around 152.400

Trade Scenario 2: Bearish - For us to go short we want to see price reject off 151.800. We will then enter on strong bearish setups, first targeting our edge of value at 151.200.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.