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ForecastCity_World
Jan 15, 2021 7:36 PM

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

British Pound/Japanese YenFXCM

Description

β‹…
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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Comments
sofi_Morphy
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Looks good to me.
ForecastCity_World
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@sofi_Morphy, Thank you for your comment. We appreciate it 🌹
Mehmetozdemi
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Seems to be accurate. Thanks a lot
ForecastCity_World
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@Mehmetozdemi, You're welcome! Thanks for your support.
yusufipek1989
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Very nice chart.Β Β perfect analysis.
ForecastCity_World
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@yusufipek1989, Thank you for your comment. We appreciate it 🌹
Kamryn
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You cover both directions in your idea. It's such a vise. πŸ‘Œ
Sir_Ray
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it's mad but totally true πŸ”₯
Pro_Trader_007
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Upvoted! πŸ‘
Josef_anderson
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It's hilarious. Thank you so much.
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