GBPJPY 30min Analysis March 9th, 2021

Trade Scenario 1: Bullish - For us to go long we need to see price break above 150.800. We will then wait for a retrace and for 150.800 to act as support. Enter on strong bullish setups, first targeting previous highs 151.200.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 150.600. We will then wait for a retrace and for 150.600 to flip as resistance. Enter on strong bearish setups, first targeting 150.200