GBPJPY buy trade idea 12 05 2021
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: -
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