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. …