GBPJPY ANALYSIS 25-2-2021

Pair is trading in uptrend
Price is based below resistance level 1 at 150.72
Above SMA 100, SMA 200
MACD shows bullish momentum
RSI reached overbought region

First scenario: in case the price break resistance level 1 at 150.72 and close above it on H4 frame, it's 
recommended to open long trade to target resistance level 2 at 152.70 then finally target supply zone at level 153.70

Second scenario: in case the price break support level 1 at 147.90 and close below it on H4 frame,
it's recommended to open short trade to target minor uptrendline near level 146.60 then finally 
target major uptrendline near level 142.00 

S3: 142.00
S2: 146.60
S1: 147.90
Pivot: 149.20
R1: 150.72
R2: 152.70
R3: 153.70