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ForecastCity
Jul 29, 2020 9:54 PM

Don't miss the great buy opportunity in GBPJPY Long

British Pound/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (135.9). 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 65.

Take Profits:
TP1= @ 136.55
TP2= @ 137.00
TP3= @ 137.50

SL= Break below S2

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Comments
fxniki
I like your intraday forecasts. It's a great buy opportunity in GBPJPY.
ForecastCity
@fxniki, We're glad you liked it. 💎🙏💎
Kristalyn
Nice chart. Thanks
ForecastCity
@Kristalyn, You're welcome. 💎🙏💎
Kamryn
Great analysis so far, keep it up!
ForecastCity
@Kamryn, We appreciate your support. 💎🙏💎
Josef_anderson
Love the clean analysis, very nice
ForecastCity
@Josef_anderson, We're so glad you loved it. 💎🙏💎
Pro_Trader_007
Easy to understand
ForecastCity
@Pro_Trader_007, Thanks for your comment. 💎🙏💎
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