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ForecastCity_World
Feb 18, 2021 11:12 PM

💡 Don't miss the great buy opportunity in GBPJPY Long

FX:GBPJPY60
British Pound/Japanese YenFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.3). 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 70.

Take Profits:
TP1= @ 148.10
TP2= @ 148.35
TP3= @ 149.00

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPjpyGBPJPY
Comments
MrKrft
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strong uptrend! But have a look at RSI, its loosing power ... Thats not good
ForecastCity_World
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@MrKrft, Thanks for sharing your point of view 🌹
Mehmetozdemi
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Thanks for the good analysis. This is very helpful.
ForecastCity_World
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@Mehmetozdemi, You're welcome
ForecastCity_World
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@Mehmetozdemi, We're glad you found it helpful
AR_kooshani
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That's how I see it too 👍
ForecastCity_World
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Always good to know.
@AR_kooshani, Thanks for your comment.
Lizabet
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That's pretty possible! Thanks for sharing
ForecastCity_World
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@Lizabet, You're welcome
Sir_Ray
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thank you very much
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