GBPJPY sell trade idea 11 06 2021

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SL: 155.36

TP1: 154.86

TP2: 154.66

TP3: 154.46

Signal Analysis by LCMS Traders

Currency Pair: GBPJPY


Timeframe: H1

Step 1 - Previous News: GBP: Day 1 of the G7 meetings, JPY: Day 1 of the G7 meetings

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bullish

Step 5 - Upcoming News: GBP: G7 meetings over the weekend, BOE Gov Bailey Speaks 1630hrs, JPY: G7 meetings over the weekend

GBPJPY sell trade idea 11 06 2021

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