GBPJPY 30min Analysis April 1st, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 153.100. We will then wait for a retrace and for 153.100 to act as support. Enter on strong bullish setups, first targeting our point of control around 153.600.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 153.100. We will then enter on strong bearish setups, first targeting around 152.500.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 153.100. We will then enter on strong bearish setups, first targeting around 152.500.