 Trading Signals Manual

Trading Signal - 29 / 06 / 2021 - 10:00 (GMT +3)

Instrument: GBPJPY
by: Chief Technical Strategist Avramis Despotis

Previous Close 153.41

Change -0.03 %

Current 153.41

52 Week High 155.87

52 Week Low 133.54

30 Days ATR 0.85

40 Weeks ATR 1.50

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

153.10 153.60 The market is testing resistance at 153.60. We are

60min
waiting to see reversal signals in order to reinstate SELL - -
CHART
152.90 153.90 SHORT positions, or alternatively the downward
· Downwards
break of the 153.10 support level. Next important Trade P. TP1 TP2
Next 3 Days Strong
· 152.50 154.30 resistance the 153.90 level.
Neutral - 152.90 152.50

Position Entry SL

240min 152.30 155.20 The market is dominated by uncertainty. The

CHART occasionally prevailing trend lasts for a limited WAITING - -
· 151.10 156.70 time and changes its direction too frequently. As
Next 3 Neutral long as the market remains unstable, we stay Trade P. TP1 TP2
Weeks · 149.40 158.80 aside, waiting for the market to get back on track.
Oversold 1
- - -

Position Entry SL

Daily 151.10 156.10 The market is in an uptrend and we are waiting for
CHART an entry signal to go LONG above the 156.10 BUY 156.10 151.10
· 149.30 158.80 resistance level. Only the downward break of
Next 3 Upwards
151.10 would cancel the bullish scenario and take Trade P. TP1 TP2
Weak
Months 145.90 163.60 us SHORT.
·
Neutral Medium 158.80 163.60
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