GBP/JPY Trading Analysis (20/08/2025)
The trend is ascending. The currency pair is trading within the 365–135 EMA range. The downward wave structure is truncated. Bullish divergence is indicated by the Awesome Oscillator, and the Stochastic Oscillator indicates oversold conditions.
Trade idea:
- Buy at the beginning of the ascending wave structure's formation when wave A breaches the sloping channel of the truncated structure.
- Stop-loss at 198.615.
- Price targets are 199.500 and 199.800.
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