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 (141.65). 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 40 .

Take Profits:
TP1= @ 140.68
TP2= @ 140. 05
TP3= @ 139.55
TP4= @ 138.70
TP5= @ 137.64
TP6= @ 136.82

SL: Break Above R2

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Comments

Excellent tip
200 coins
Reply
ForecastCity UnknownUnicorn5917169
@UnknownUnicorn5917169, Thanks for your support. 🌹
Reply
I have the same thought of this pair.
+2 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, We appreciate your comment.🌹
+1 Reply
Always a pleasure to read your ideas mate 🙌🏾
+2 Reply
ForecastCity TRADESBYZION
@TRADESBYZION, Thank you for your comment. We appreciate it 🌹
+1 Reply
TRADESBYZION TRADESBYZION
@ForecastCity no worries mate ! Keep the good work 💙
Reply
ForecastCity TRADESBYZION
@TRADESBYZION, 🌹
Reply
Good analysis. I totally agree with your technical lines. they're as perfect as mine :)
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thank you for your comment.
Reply
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