GBP/JPY Trading Analysis (18/06/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and oversold conditions are indicated by the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure.
- Stop-loss at 194.746.
- Price targets are 195.800 and 196.600.
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