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=128.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.3.
TP4: R2=129.6.
Set the stoploss of these orders at breakout of S2=127.75.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=127.75.
In this situation, there is an expectation to reach the target S3=126.5.
Set the stoploss of reverse orders at breakout of S1=128.15.

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I was short on gbp pairs do you think it will be going long soon ?
+1 Reply
@fali4209, Yes, we do. As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.15.
+1 Reply
I always follow your intraday forecasts and I like the way you see market.
+1 Reply
@fxniki, Thanks
+1 Reply
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