GBPJPY Intraday Forecast

28 thg 2, 2019

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=146.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.2.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.2.
In this situation, there is an expectation to reach the target S3=144.75.
Set the stoploss of reverse orders at breakout of S1=146.8.

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