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ForecastCity
Jan 15, 2021 12:18 AM

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

British Pound/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (141.7). 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 55.

Take Profits:
TP1= @ 142.25
TP2= @ 142.50
TP3= @ 142.50

SL= Break below S2

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Comments
Pro_Trader_007
Brilliant insight 👌🏻
ForecastCity
@Pro_Trader_007, Thanks for your comment. 👍
Sir_Ray
you rock
ForecastCity
@Sir_Ray, Thanks 👍
Best_Forecast
Interesting idea but didn't go well.
ForecastCity
@Best_Forecast, Thank you for your comment. 💎🙏💎 We appreciate it and wish you the best of luck.
Kamryn
RIGHT! It's a unique forecast. Cheers 👍
ForecastCity
@Kamryn, Cheers 👍
Kristalyn
❄️ Thank you ❄️
ForecastCity
@Kristalyn, You're welcome. We hope you enjoy it.
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