ForecastCity
Short

GBPJPY Intraday Forecast

FX:GBPJPY   British Pound / Japanese Yen
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=133.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=132.
TP4: S2=131.25.
Set the stoploss of these orders at breakout of R2=133.5.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=133.5.
In this situation, there is an expectation to reach the target R3=134.65.
Set the stoploss of reverse orders at breakout of R1=133.3.

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Comments

strong idea! ;)
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks. we hope you find it helpful on your own trades.
+1 Reply
i love it
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, thanks for your comment.
+1 Reply
Great guys, really helpful again
+2 Reply
ForecastCity ForexMaster1
@ForexMaster1, Thanks for your comment. We are so happy you found it helpful.
+1 Reply
I enjoyed your idea.
+1 Reply
@fxniki, Thanks
Reply
Wow great call! Now that price is close to your bullish target, what do you think it would do next?
Go higher? or go lower?

We are currently bullish on this pair.
Share your thoughts with us?
Reply
@FXCM, Thanks for your comment and sharing your idea.

The valid period of intraday forecasts is about 24 hours.

To see the latest and more intraday forecasts please visit our website:
https://www.forecastcity.com/en/forecasts/Forex/intraday
Reply
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