GBPJPY 30min Analysis March 2nd, 2021
Trade Scenario 1: Bearish - For us to go short we want to see price reject off 149.200 and break below 148.800. We will then wait for a retrace and for 148.800 to flip as resistance. Enter on strong bearish setups, first targeting 148.400
Trade Scenario 2: Bullish - For us to go long we want to see price break above 149.200. We will then wait for a retrace and for 149.200 to act as support. Enter on strong bullish setups, first targeting 149.800.
Trade Scenario 2: Bullish - For us to go long we want to see price break above 149.200. We will then wait for a retrace and for 149.200 to act as support. Enter on strong bullish setups, first targeting 149.800.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.