SELL GBPJPY 156.46
SL: 156.76
TP1: 156.26
TP2: 156.06
TP3: 155.86
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 156.46
Timeframe: H1
Step 1 - Previous News: GBP: Retail Sales decline, Flash PMI faster pace of expansion, JPY: -
Step 2 - Trend: Across to Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 heading up
- PSAR: near bearish
Step 5 - Upcoming News: GBP: MPC Member Tenreyro Speaks 2100hrs, JPY: -
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