GBPJPY 30min Analysis April 13th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 150.100. We will then wait for a retrace and for 150.100 to act as support. Enter on strong bullish setups, first targeting our point of control around 150.380.

Trade Scenario 2: Bearish - For us to go short we want to see price break below 149.950. We will then wait for a retrace and for 149.950 to act as resistance. Enter on strong bearish setups, first targeting our point of control around 149.500.