SELL GBPJPY 154.61
SL: 154.91
TP1: 154.41
TP2: 154.21
TP3: 154.01
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 154.61
Timeframe: H1
Step 1 - Previous News: GBP: Construction PMI continued expansion, JPY: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 into over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, JPY: Final GDP q/q data tomorrow 0750hrs
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