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Wednesday, February 17, 2021

GBPJPY 30min Analysis February 17th, 2021

GBPJPY 30min Analysis February 17th, 2021

GBP/JPY OANDA:GBPJPY

Price is still in a downtrend but is coming up on key support.

Trade Scenario 1: Bullish - For us to go long we want to see price find support around 146.500. We will look to enter on strong bullish setups off this zone, first targeting 147.200.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 146.500 with conviction. We will then wait for a retrace and for 146.500 to flip as resistance.



from Trading Ideas https://ift.tt/37mKjMO
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