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ForecastCity
Feb 8, 2021 6:24 PM

πŸ’‘ Don't miss the great buy opportunity in GBPJPYΒ Long

British Pound/Japanese YenFXCM

Description

β‹…
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (144.15). 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 41.

Take Profits:
TP1= @ 144.95
TP2= @ 145.25
TP3= @ 145.50

SL= Break below S2

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Comments
Mesutkashmar
β‹…
Nice chart. But shouldn't it be the opposite?
ForecastCity
β‹…
@Mesutkashmar, Thanks for your comment
ForecastCity
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@Mesutkashmar, GBPJPY is in a range bound and the beginning of uptrend is expected.
Lizabet
β‹…
Thanks. I agree. That's exactly how I see it too. Same idea.
ForecastCity
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@Lizabet, Thanks for your support πŸ‘
kikie93
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TP1 smashed🍾🍾
ForecastCity
β‹…
@kikie93, Thanks for your comment.
KylecD
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That was great way .Thank you
ForecastCity
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@KylecD, You're welcome.
kikie93
β‹…
Thank you for yet another great analysis
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