Trade Recommendation: GBPJPY

The price bounces from 141.500 support level. MACD confirms upward movement. We have buy opportunity. Open long trades above 142.250 level. Stop orders must be placed below 141.500 support level and the uptrend line. Profit target should be near the resistance level. DMI allows open long trades. Recommended trading volume for this trade is up to 3% from your deposit.

Market: GBPJPY
Buy: 142.250
Stop: 140.90
Profit Targets: 143.90

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.