BUY GBPJPY 154.45
SL: 154.15
TP1: 154.65
TP2: 154.85
TP3: 155.05
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
BUY GBPJPY 154.45
Timeframe: H1
Step 1 - Previous News: GBP: -, JPY: Core CPI y/y no change, Flash Manufacturing PMI slowdown in the pace of expansion
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: UK flash PMI 1630hrs, JPY: -
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