GBPJPY analysis

16.04.2021

Technical reviews

GBPJPY

The descending wave pattern is truncated. The support level of 149.57 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

GBPJPY rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop Loss under the support level of 149.57.

Target levels: 150.79; 153.37.

Author: GC
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