GBPJPY 30min Analysis December 2nd, 2020

Trade Scenario 1: Bullish - We need to see price break above the minor level of resistance and key monthly level at 139.8. Enter on a retest of this level on any bullish momentum or variation.

Trade Scenario 2: Bearish - We have a significant level of support at the 139 zone, including the 30min 200MA. We will need to see price break down past 139 handle before thinking short.