GBPJPY 30min Analysis April 1st, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 153.100. We will then wait for a retrace and for 153.100 to act as support. Enter on strong bullish setups, first targeting our point of control around 153.600.

Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 153.100. We will then enter on strong bearish setups, first targeting around 152.500.