GBPJPY 30min Analysis April 6th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above 151.900. We will then wait for a retrace and for 151.900 to act as support. Enter on strong bullish setups, first targeting our point of control around 152.200.

Trade Scenario 2: Bearish - For us to go short we want to see price break below 151.700. We will then wait for a retrace and for 151.700 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 151.200.