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 (132.05). 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= @ 131.30
TP2= @ 130.55
TP3= @ 129.85

SL: Break Above R2
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Comments

I truly feel like I am learning quite a lot from you! Thanks
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you for your kind words. 🙏
+1 Reply
This is such a complete analysis,
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks
+1 Reply
Thank You for sharing!
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thank you for your comment and wish you bests. 🙏
+1 Reply
This is such a complete analysis
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, We're happy you liked it.
Reply
Thank you for this and your time, offering us all this.
+1 Reply
ForecastCity Alexander_007
@Alexander_007, Thank you for your support and wish you bests. 🙏
Reply
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