GBPJPY 30min Analysis January 7th, 2021

Price has been consolidating through the NY session today but still in a bullish trend. For us to look long we would like to see price retrace back to our key structure zone and the 30min 200MA around 140.500. Our second scenario would have price push to the upside past our key weekly level at 141.100. We will then wait for a retrace and for our weekly level to act as support. Enter on strong bullish setups.