ForecastCity

💡 Don't miss the great sell opportunity in GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (149.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 148.20
TP2= @ 147.25
TP3= @ 146.35
TP4= @ 145. 05
TP5= @ 143.70
TP6= @ 142. 05

SL: Break Above R2

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Comments

excellent tip
+1 Reply
@Sir_Ray, Thanks 🌹
+1 Reply
RIGHT! It's a unique forecast. Cheers
+1 Reply
@Kamryn, Cheers 🌹
Reply
nice setup. thanks
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome 🌹 we hope you enjoy it
Reply