GBPJPY 30min Analysis April 15th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above 150.100. We will then wait for a retrace and for 150.100 to act as support. Enter on strong bullish setups, first targeting previous highs around 150.300.

Trade Scenario 2: Bearish - For us to go short we want to see price break below 149.800. We will then wait for a retrace and for 149.800 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 149.500.