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ForecastCity
Dec 23, 2020 9:24 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 (139.0). 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 60.

Take Profits:
TP1= @ 140.00
TP2= @ 140.30
TP3= @ 140.70

SL= Break below S2

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Comments
DenizKilicDeniz
Excellent analysis. Keep it up 👌
ForecastCity
@DenizKilicDeniz, Thank you for your comment. We appreciate it
Kamryn
Cheers 👍
ForecastCity
@Kamryn, Cheers 👍
Kristalyn
I love the idea, as usual great detailed and helpful.
ForecastCity
@Kristalyn, Thanks for your nice comment.
Josef_anderson
Excellent charting 👌
ForecastCity
Pro_Trader_007
Nice chart! thanks forecast city 👏
ForecastCity
@Pro_Trader_007, You're welcome.
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