ForecastCity

πŸ’‘ Don't miss the great sell opportunity in GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (141.65). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40 .

Take Profits:
TP1= @ 140.68
TP2= @ 140. 05
TP3= @ 139.55
TP4= @ 138.70
TP5= @ 137.64
TP6= @ 136.82

SL: Break Above R2

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