GBPJPY buy trade idea 09 09 2021

#OPINIONLEADER# #Signal#

BUY GBPJPY 151.64

SL: 151.34

TP1: 151.84

TP2: 152.04

TP3: 152.24

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

BUY GBPJPY 151.64 

Timeframe: H1

Step 1 - Previous News: GBP: BOE Governor Bailey highlighted current level of inflation will be persistent, JPY: -

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touching, slow down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: GBP: -, JPY: -