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ForecastCity
Jul 7, 2021 12:54 PM

💡Don't miss the great sell opportunity in GBPJPY Short

British Pound/Japanese YenFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89

SL: Break Above R2

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Comments
Kamrul888994
amazing
ForecastCity
@Kamrul888994, Thank you
Lizabet
Professional work. Keep it up
ForecastCity
@Lizabet, Thank you for your comment. We appreciate it.
Mehmetozdemi
Good, simple & clear analysis.  Thank you for sharing
ForecastCity
@Mehmetozdemi, Thank you for your comment. We appreciate it.
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