GBPJPY 30min Analysis April 13th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 150.100. We will then wait for a retrace and for 150.100 to act as support. Enter on strong bullish setups, first targeting our point of control around 150.380.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 149.950. We will then wait for a retrace and for 149.950 to act as resistance. Enter on strong bearish setups, first targeting our point of control around 149.500.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 149.950. We will then wait for a retrace and for 149.950 to act as resistance. Enter on strong bearish setups, first targeting our point of control around 149.500.
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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.