DLavrov

GBPJPY Buy Signal

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FX:GBPJPY   英鎊 / 日圓
Price bounced from the uptrend line and started up movement. RSI confirmed price reversal and we had to wait for a trading signal from Ichimoku indicator. When a bullsih candle made a new high above the kumo, we got a possible entry level for long trades. But if you skipped this buy signal, you should wait for a retracement to 144.500-144.250 levels and buy from the market. Stop orders for long trades must be below 141.500 level. Profit target can be at 148.00 - it's the strong resistance level. Also you can search for possible buy signals on lower timeframes.

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