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
. 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
HighAccurate forecast for
🌟36 Forex Pairs:1.010.346 pips track record profit
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🌟36 Forex Pairs:1.010.346 pips track record profit
🌟175 Cryptos
🌟Gold,Silver,Oils,Gas
🌟Best Profitable Trading Strategies
in 9 languages
since 2007
www.ForecastCity.com
🌟FREE Telegram
t.me/forecastcity_com