GBPJPY sell trade idea 11 06 2021
SELL GBPJPY 155.06
SL: 155.36
TP1: 154.86
TP2: 154.66
TP3: 154.46
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 155.06
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
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