GBP/JPY Trading Analysis (30/11/2023)

The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.



Trading idea:

Buy at the formation of the upward wave structure, when the A wave breaches the sloping channel of the descending truncated structure.

Stop-Loss: 186.42.

Target price levels: 188.00, 188.50.

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