TradingView
ForecastCity_World
Feb 23, 2021 9:38 PM

It's a great buy opportunity in GBPJPY Long

British Pound/Japanese YenFXCM

Description

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

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
Megan_forex
Very interesting idea. Hope it plays out well too. :)
ForecastCity_World
@Megan_forex, Thank you for your comment. We appreciate it 🌹
EDIN-DANMARK
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,...
ForecastCity_World
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
Sir_Ray
thanks
ForecastCity_World
@Sir_Ray, You're welcome!
Sir_Ray
excellent tip
ForecastCity_World
@Sir_Ray, Thank you for your comment.
Kamryn
useful
ForecastCity_World
@Kamryn, Thank you
More