GBPJPY sell trade idea 07 07 2021
SELL GBPJPY 152.70
SL: 153.00
TP1: 152.50
TP2: 152.30
TP3: 152.10
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 152.70
Timeframe: H1
Step 1 - Previous News: GBP: UK Construction PMI continued expansion, JPY: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 came out from over sold
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, JPY: -
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