GBPJPY buy trade idea 16 06 2021

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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: -

GBPJPY buy trade idea 16 06 2021

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