GBP/JPY Trading Analysis (03/04/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward truncated wave structure finished with the breach of the sloping channel. The price passed the daily ADR stretch.
Trade idea:
- Buy at the beginning of the formation of the rising wave structure.
- Stop loss at 192.280 below the local minimum of the descending structure.
- Price targets at 193.730 and 194.900.
#gbpjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
