JPYGBP trade ideas
integrity idea about GBPJPY ,perhaps fall back to nearby 150 for 1H's situation , perhaps will down to near 150 - 150.30 ,will meet the strong support of day's ,hope up to 152 .
GBPJPY SELL | Great opportunityHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY .
I still did my best and this is the most likely count for me at the moment.
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (150.35).
. 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 44.14.
Take Profits:
TP1= @ 149.35
TP2= @ 149.00
TP3= @ 148.15
TP4= @ 147.45
TP5= @ 146.50
SL= Break below S2
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GBPJPY 1:5 RR Buy Limit OrderKeep consistent and in the end of every trading month you will succeed
risk reward is so good that i can afford to have 50% winrate only
always risk only 1% of your equity
💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (149.8). 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 48.
Take Profits:
TP1= @ 148.20
TP2= @ 147.25
TP3= @ 146.35
TP4= @ 145.05
TP5= @ 143.70
TP6= @ 142.05
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
