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ForecastCity
Apr 28, 2020 11:20 PM

Don't miss the great sell opportunity in GBPJPY Short

British Pound/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.4). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 132.60
TP2= @ 131.95
TP3= @ 131.20

SL: Break Above R2
Comments
Kamryn
Excellent!
ForecastCity
@Kamryn, Thanks for your nice comment.
Kristalyn
thanks for your ideas
ForecastCity
@Kristalyn, You're welcome.
Tergech
it's a hit....131.95...thanks
ForecastCity
@Tergech, We're happy you liked it. And you're welcome.
samuel19823103
Nice Work
ForecastCity
fxniki
I liked your TA.
ForecastCity
@fxniki, It's our pleasure.
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