ForecastCity
Long

GBPJPY Intraday Forecast

FX:GBPJPY   British Pound / Japanese Yen
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.35.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP1: R1=141.35.
TP2: R2=141.7.
TP3: R3=142.3.
TP4: To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=140.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=140.
In this situation, there is an expectation to reach the target S3=138.6.
Set the stoploss of reverse orders at breakout of S1=140.35.

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thanks! good analysis!
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ForecastCity VasilyPonomarev
@VasilyPonomarev, Thanks for your comment.
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Thanks for the GBPJPY's intraday forecast.
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@fxniki, You're welcome. thanks for following and supporting us.
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