GBPJPY 30min Analysis March 30th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 151.800. We will then wait for a retrace and for 151.800 to act as support. Enter on strong bullish setups, first targeting around 152.100.

Trade Scenario 2: Bearish - For us to go short we need to see price reject off our edge of value at 151.800. We will then enter on strong bearish setups, first target previous lows around 151.200