BUY GBPJPY 152.26
SL: 151.96
TP1: 152.46
TP2: 152.66
TP3: 152.86
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
BUY GBPJPY 152.26
Timeframe: H1
Step 1 - Previous News: GBP: UK CPI y/y higher-than-expected increase, Average Earnings increased, Claimant Count drop, Unemployment Rate inched higher, JPY: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow touched
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: MPC Member Saunders Speaks 1800hrs, JPY: Monetary Policy Statement tomorrow
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