It's a great buy opportunity in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (148.15). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 148.70
TP2= @ 149.00
TP3= @ 149.50

SL= Break below S2

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Very interesting idea. Hope it plays out well too. :)
+3 Reply
@Megan_forex, Thank you for your comment. We appreciate it 🌹
+2 Reply
like always very clean chart,.. i can admit that you are one of my favorite on tradingview,.. big respect for your work,.. i will share my view of gbpjpy,. on 90min time frame,...
+3 Reply
Looks great. We hope to see your analyses more often. @EDIN-DANMARK,
And thanks for your kind words and positive feedback. We really appreciate your support. All the best
+2 Reply
+2 Reply
@Sir_Ray, You're welcome!
+1 Reply
excellent tip
+2 Reply
@Sir_Ray, Thank you for your comment.
+1 Reply
+2 Reply
@Kamryn, Thank you
+1 Reply