GBP/JPY Trading Analysis (03/06/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator and oversold conditions are indicated by the Stochastic Oscillator.
Trade idea:
- Buy at the breach of 193.820.
- Stop-loss at 192.970.
- Price targets are 194.640 and 196.200.
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