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GBPJPY buy trade idea 12 05 2021

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#OPINIONLEADER# #Signal#

BUY GBPJPY 153.79

SL: 153.49

TP1: 153.99

TP2: 154.19

TP3: 154.39

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

BUY GBPJPY 153.79 

Timeframe: H1

Step 1 - Previous News: GBP: UK Preliminary GDP decreased but better than forecast, JPY: -

Step 2 - Trend: Up to Across, rend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow touching

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks 1700hrs, JPY: -


GBPJPY buy trade idea 12 05 2021



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