GBPJPY buy trade idea 19 10 2021
BUY GBPJPY 157.58
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: -
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