ForecastCity
Long

Don't miss the great buy opportunity in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (129.06). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.

Take Profits:
TP1= @ 131.00
TP2= @ 131.60
TP3= @ 133.00

SL= @ 128.00
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I will not miss this buy opportunity in GBPJPY.
+1 Reply
@fxniki, Great!
Reply
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