ForecastCity
Short

GBPJPY Intraday Forecast

FX:GBPJPY   British Pound / Japanese Yen
FOLLOW US to HUNT with US by TREND HUNTER STRATEGY!

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=150.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=149.3.
TP4: S2=148.9.
Set the stoploss of these orders at breakout of R2=150.45.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=150.45.
In this situation, there is an expectation to reach the target R3=151.6.
Set the stoploss of reverse orders at breakout of R1=150.15

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