Forex_League_Analysis

GBPJPY 30min Analysis January 5th, 2021

OANDA:GBPJPY   ポンド/円
Price is moving sideways between our key structure zones.

Trade Scenario 1: Bullish - For us to go long we need to see price push to our key weekly level at 139.500. We will then look to enter on strong bullish setups/engulfing.

Trade Scenario 2: Bearish - For us to go short we want to see price retrace back to the 30min 200MA around 140.300. We will then look for strong bearish setups within our structure zone
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