SELL GBPJPY 152.76
SL: 153.06
TP1: 152.56
TP2: 152.36
TP3: 152.16
Signal Analysis by LCMS Traders
Currency Pair: GBPJPY
SELL GBPJPY 152.76
Timeframe: H1
Step 1 - Previous News: GBP: UK Construction PMI strong slowdown in the expansion, BoE held policy unchanged, revised its inflation projection upwards, JPY: -
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down from over bought
- PSAR: near bearish
Step 5 - Upcoming News: GBP: MPC Member Broadbent Speaks 1915hrs, JPY: Bank Holiday next Monday
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