GBPJPY sell trade idea 08 07 2021

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#OPINIONLEADER# #Signal#

SELL GBPJPY 152.00

SL: 152.30

TP1: 151.80

TP2: 151.60

TP3: 151.40

Signal Analysis by LCMS Traders 

Currency Pair: GBPJPY

SELL GBPJPY 152.00 

Timeframe: H1

Step 1 - Previous News: GBP: UK Construction PMI continued expansion, JPY: Recommending to declare virus state of emergency in Tokyo

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both down

- Stochastic: H4 in over sold

- PSAR: bearish

Step 5 - Upcoming News: GBP: ECB Monetary Policy Meeting Accounts 1930hrs, JPY: -


GBPJPY sell trade idea 08 07 2021



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