16.03.2023
Analytics for GBP/JPY Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The currency pair is traded in the range between 365 and 135 ЕМА. The formation of the ascending truncated wave structure was finished. The Stochastic Oscillator signals the overbought state. The 'Key Reversal' pattern formed on the H4 timeframe.
Trading idea:
Buy at the breach of 0.9838;
Stop-loss: 0.9883;
Target price levels: 0.9795, 0.9720.
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