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ForecastCity
Aug 21, 2019 12:47 AM

GBPJPY Intraday Forecast Long

British Pound/Japanese YenFXCM

Description

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.55.
TP4: R2=130.05.
Set the stoploss of these orders at breakout of S2=128.35.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.35.
In this situation, there is an expectation to reach the target S3=127.25.
Set the stoploss of reverse orders at breakout of S1=128.65.

If you would like to trade in the next 24 hours, the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Comments
Pro_Trader_007
Thanks... I will keep an eye on this...
ForecastCity
@Pro_Trader_007, Thanks for sharing your feedback.
Best_Forecast
I like your Ideas very easy to understand!
Thanks for sharing!
ForecastCity
@Alexander_007, Yes, it really is so easy.
You're welcome
fxniki
nice
ForecastCity
@fxniki, thumbs up
fxniki
@ForecastCity, Many thanks to you we got TP4.
ForecastCity
@fxniki, You're welcome. Yes, we did.
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