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ForecastCity_EU
Jun 18, 2020 10:08 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 (133.6). 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 36.

Take Profits:
TP1= @ 132.35
TP2= @ 131.70
TP3= @ 130.65

SL: Break Above R2

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Comments
Kristalyn
thanks for your ideas
ForecastCity_EU
Kamryn
Thanks a lot
ForecastCity_EU
@Kamryn, 👌
Forecast_Crypto
Easy to understand
ForecastCity_EU
DenizKilicDeniz
Thanks
ForecastCity_EU
Mehmetozdemi
thanks for your ideas
ForecastCity_EU
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