GBPJPY 30min Analysis April 19th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to 151.200. We will then wait for price to find support and enter on strong bullish setups, first targeting our edge of value around 151.600.

Trade Scenario 2: Bearish - For us to go short we want to see price break below 151.200. We will then wait for a retrace and for 151.200 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 150.800.