GBPJPY 30min Analysis December 22nd , 2020
GBP/JPY OANDA:GBPJPY
Trade Scenario 1: Bullish - Price is starting to break out of our flag pattern . To look long we still want to see price break above the 200MA on the 30min timeframe. We will then look for price to retrace/consolidate at or above the 200MA. Enter on any bullish engulfing /momentum.
Trade Scenario 2: Bearish -To look short we need to see price break below our demand zone with conviction. We will then look for a LH to form at or below 138.300
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