ForecastCity

💡 Don't miss the great sell opportunity in GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (141.75). 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 45.

Take Profits:
TP1= @ 140.85
TP2= @ 140.35
TP3= @ 139.50

SL: Break Above R2

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Comments

That's a great update. Thanks a lot
+3 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, You're most welcome!
Reply
ForecastCity sofi_Morphy
@sofi_Morphy, We hope you enjoy it.
Reply
Thank you for sharing it
+2 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome 🌹
Reply
keep up the amazing work!
+2 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, We appreciate your comment.🌹
Reply
That was a very nice touch. I totally agree with your technical lines. they're as perfect as mine :)
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thanks for your support 🌹
Reply
good update & i agree you
+1 Reply
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