GBP/JPY Trading Analysis (06/05/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward 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 conditions.
Trade idea:
- Buy on the breach of 191.35.
- Stop-loss at 190.82.
- Price targets at 192.00 and 193.45.
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