GBPJPY Intraday Forecast

FX:GBPJPY   British Pound / Japanese Yen
As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=143.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=142.85.
TP4: S2=142.35.
Set the stoploss of these orders at breakout of R2=143.95.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=143.95.
In this situation, there is an expectation to reach the target R3=144.95.
Set the stoploss of reverse orders at breakout of R1=143.75.

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