GBP/JPY Trading Analysis (01/09/2023)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The mirror level of 184.060 curbs the buyers. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the 184.50 (pivot).

Stop-Loss under the local minimum of the descending structure.

Target price levels: 185.50, 186.00.

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