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GBPJPY sell trade idea 06 10 2021

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#OPINIONLEADER# #Signal#

SELL GBPJPY 151.51

SL: 151.81

TP1: 151.31

TP2: 151.11

TP3: 150.91

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

SELL GBPJPY 151.51 

Timeframe: H1

Step 1 - Previous News: GBP: -, JPY: -

Step 2 - Trend: Up, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: slightly out 

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: GBP: UK Construction PMI 1630hrs, JPY: -

GBPJPY sell trade idea 06 10 2021

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