GBPJPY buy trade idea 19 10 2021

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SL: 157.28

TP1: 157.78

TP2: 157.98

TP3: 158.18

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

BUY GBPJPY 157.58 

Timeframe: H1

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

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: GBP: BOE committee member Mann speaks 1800hrs, BoE Governor Bailey speaks 2005hrs, JPY: -

GBPJPY buy trade idea 19 10 2021

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