GBPUSD 30min Analysis April 12th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to 1.3740. We will then wait for 1.3740 to act as support. Enter on strong bullish setups, first targeting our point of control at 1.3780

Trade Scenario 2: Bearish - For us to go short we want to see price break below our edge of value at 1.3740. We will then wait for a retrace and for 1.3740 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3700