ForecastCity

💡 Don't miss the great sell opportunity in GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (138.95). 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 38.

Take Profits:
TP1= @ 137.9
TP2= @ 137.6
TP3= @ 137.15

SL: Break Above R2

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Comments

Thanks. I like this chart. 👍
+1 Reply
@Kamryn, We're glad you like the idea. And we appreciate your support.
Reply
I love the idea, as usual great detailed and helpful.
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your kind comment. 👍
Reply
Nice. 👌🏻 tnx for sharing it. Pls share more GBPJPY.
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome. we hope you enjoy it.
Reply
The chart is excellent. Good choice. 👌
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, We appreciate your support.
Reply