ForecastCity
Short

Don't miss the great sell opportunity in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.4). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 132.60
TP2= @ 131.95
TP3= @ 131.20

SL: Break Above R2
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Comments

Excellent!
+3 Reply
@Kamryn, Thanks for your nice comment.
Reply
thanks for your ideas
+3 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome.
Reply
it's a hit....131.95...thanks
+3 Reply
@Tergech, We're happy you liked it. And you're welcome.
+2 Reply
Nice Work
+2 Reply
ForecastCity samuel19823103
@samuel19823103, Thanks.
+1 Reply
I liked your TA.
+2 Reply
@fxniki, It's our pleasure.
+1 Reply
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