GBP/JPY Trading Analysis (07/02/2024)

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.



Trading idea:

Buy at the breach of 186.56.

Stop-Loss at 186.16.

Target price levels at 187.00 and 187.50.
 

#gbpjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor