GBPJPY 4HR Potential Setup - 06/03/2021

Potential Setup as per snapshot

Bias = Neutral

JPY has been melting so some potential for price to retrace, which is long overdue if price is going to continue higher.

Option 1 - Wait for price to break the 4hr structure point, retest and then continue down with bearish momentum

b]Option 2 - Wait for price to break key level high, retest and then continue with bullish momentum.