GBPJPY 30min Analysis March 1st, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 149.00. We will then wait for a retrace and for price to find support around 149.00. Enter on strong bullish setups, first targeting previous highs around 150.00
Trade Scenario 2: Bearish - For us to go short we need to see price break below 148.400.We will then wait for a retrace and for 148.400 to flip as resistance. Enter on strong bearish setups, first targeting around 147.600.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 148.400.We will then wait for a retrace and for 148.400 to flip as resistance. Enter on strong bearish setups, first targeting around 147.600.
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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.