GBPJPY buy trade idea 15 06 2021
BUY GBPJPY 155.40
SL: 155.10
TP1: 155.60
TP2: 155.80
TP3: 156.00
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
BUY GBPJPY 155.40
Timeframe: H1
Step 1 - Previous News: GBP: Delayed the lockdown lifting by four weeks, Average Earnings increased, Claimant Count drop significantly, Unemployment Rate came out as expected, JPY: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: slow up, fast down
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks 2015hrs, JPY: -
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