GBPJPY sell trade idea 13 05 2021

#OPINIONLEADER# #Signal#

SELL GBPJPY 154.03

SL: 154.33

TP1: 153.83

TP2: 153.63

TP3: 153.43

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

SELL GBPJPY 154.03 

Timeframe: H1

Step 1 - Previous News: GBP: UK Preliminary GDP negative economic growth, JPY: -

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks tomorrow 0000hrs, JPY: -