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ForecastCity
Jan 20, 2021 9:22 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 (141.75). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

Take Profits:
TP1= @ 140.85
TP2= @ 140.35
TP3= @ 139.50

SL: Break Above R2

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Comments
sofi_Morphy
That's a great update. Thanks a lot
ForecastCity
@sofi_Morphy, You're most welcome!
ForecastCity
@sofi_Morphy, We hope you enjoy it.
Kristalyn
Thank you for sharing it
ForecastCity
@Kristalyn, You're welcome 🌹
Mehmetozdemi
keep up the amazing work!
ForecastCity
@Mehmetozdemi, We appreciate your comment.🌹
Best_Forecast
That was a very nice touch. I totally agree with your technical lines. they're as perfect as mine :)
ForecastCity
@Best_Forecast, Thanks for your support 🌹
Sir_Ray
good update & i agree you
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