GBPJPY Different Scenarios

GBPJPY is in a strong uptrend and after a significant growth, it has started a correction phase.

Currently, price could not break the last high in 1H and is bouncing between the Support level at 150.800 (Last Low) and the resistance level at 151.500 (Last High).

There are two different scenarios:
1. If the last high at 151.500 broken to the upside and price closes a bullish candle above this level, we should wait for the next bullish confirmation candle to enter long with two targets: First at 151.880 and the Second at 152.500

2. If price could not break the last high and closed a bearish candle below this level, wait for the next bearish confirmation candle or try to find any bearish reversal pattern in lower time frames (m15 & m5), then enter short with a target at 150.800 (Last Low), and in the case of a downside breakout on this level, the next target would be around 150.300