GBPJPY 30min Analysis March 8th, 2021

Trade Scenario 1: Bullish - For us to go long we need to see price break above 150.680. We will then wait for a retrace and for price to find support at 150.680. Enter on strong bullish setups, first targeting 151.100.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 150.300. We will then wait for a retrace and for 150.300 to slip as resistance. Enter on strong bearish setups, first targeting 149.600.