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 (131.7). 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 23.

Take Profits:
TP1= @ 130.85
TP2= @ 130.50
TP3= @ 130.00

SL: Break Above R2
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Comments

Great analysis so far, keep it up!
+3 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Sure, thanks for supporting us.
+2 Reply
Great analysis.
+2 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thanks for your comment.
+2 Reply
Thx
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, You're welcome! 🙏
+2 Reply
nice chart and Analysis
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, We're glad you liked it.
+2 Reply
Running Profit 😍😍😍😍😍😍
+1 Reply
I actually used it and I’m making good profit as we speak now
+1 Reply
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