GBPJPY sell trade idea 20 09 2021
SELL GBPJPY 150.33
SL: 150.63
TP1: 150.13
TP2: 149.93
TP3: 149.73
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 150.33
Timeframe: H1
Step 1 - Previous News: GBP: UK Retail Sales continues to decline albeit at a slower pace, JPY: Bank Holiday Today
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, JPY: -
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