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ForecastCity_ME
Aug 5, 2020 4:08 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 (138.3). 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= @ 139.15
TP2= @ 139.72
TP3= @ 140.90
TP4= @ 142.05
TP5= @ 143.35

SL= Break below S2

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Comments
Sir_Ray
Comprehensive analysis. 👍
ForecastCity_ME
@Sir_Ray, Thank you! We appreciate your comment.🙏
Kristalyn
Thanks for sharing
ForecastCity_ME
@Kristalyn, Happy to help!
Josef_anderson
Thanks for your ideas.
ForecastCity_ME
@Josef_anderson, We appreciate your comment
Kamryn
Very accurate. Thanks a lot
ForecastCity_ME
@Kamryn, You're very welcome! 🍀
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