GBPJPY buy trade idea 16 06 2021
BUY GBPJPY 155.30
SL: 155.00
TP1: 155.50
TP2: 155.70
TP3: 155.90
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
BUY GBPJPY 155.30
Timeframe: H1
Step 1 - Previous News: GBP: -, JPY: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: UK CPI y/y 1400hrs, JPY: -
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