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ForecastCity
Jul 8, 2020 9:39 PM

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 (134.75). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 135.45
TP2= @ 135.70
TP3= @ 136.35

SL= Break below S2

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Comments
Extracrispy33
I lost it all on this one
ForecastCity
@Extracrispy33, Please read about the trading strategy used on "Intraday Forecasts" here:

forecastcity.com/en/node/178
fxniki
I learn everyday something new with you guys. Thank you for sharing this amazing forecast for GBPJPY.
ForecastCity
@fxniki, We appreciate your comment. 🌹
pkp1
Reversal next week. Looks like trend end.
ForecastCity
@pkp1, It's an intraday forecasts. It's valid just for 24 hours.

Thanks for your comment. 🌹
abdulgp786
Sir It will Forms the Heads and shoulders
It Showing a Bearish scenario
I Bet with u
ForecastCity
@abdulgp786, Thanks for your comment. 🌹
Mehmetozdemi
I think I'm gonna trade this one, thank you for sharing this Amazing content.
ForecastCity
@Mehmetozdemi, Hope you enjoy it 🍀
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