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ForecastCity_ME
Jul 29, 2020 10:00 PM

Don't miss the great buy opportunity in GBPJPY Long

British Pound/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (135.9). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 136.55
TP2= @ 137.00
TP3= @ 137.50

SL= Break below S2

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Comments
Sir_Ray
Thank you!
ForecastCity_ME
@Sir_Ray, You got it! 🍀
sara-kian-fx
Great analysis buddy
ForecastCity_ME
@sara-kian-fx, Thank you! We hope you enjoy it.
Kristalyn
Nice chart. Thanks
ForecastCity_ME
@Kristalyn, 👍👍👍
Josef_anderson
Nice chart and Analysis
ForecastCity_ME
@Josef_anderson, 👍👍
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