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Intraday forecastBritish Pound vs. Japanese Yen technical chart
SymbolGBPJPY
Release TimeWed, 02/06/2019 - 20:33
Advisebuy (limit) above S1=141.75
Intraday
Short term
Yesterday range153
Yesterday high143.55
Yesterday low142.02
Yesterday close142.32
R3144.15
R2143.45
R1142.85
S1141.75
S2141.5
S3140.4
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=141.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=142.85.
TP4: R2=143.45.
Set the stoploss of these orders at breakout of S2=141.5.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=141.5.
In this situation, there is an expectation to reach the target S3=140.4.
Set the stoploss of reverse orders at breakout of S1=141.75.

Latest forecasts
Release Time Symbol Intraday R S
Thu, Apr 18 2019, 20:33 GBPJPY free 147
146.35
145.9
144.95
144.75
143.7
Wed, Apr 17 2019, 20:56 GBPJPY free 148.85
147.75
147
145.8
145.6
144.55
Tue, Apr 16 2019, 20:55 GBPJPY Subscribe! Subscribers Only Subscribers Only
Mon, Apr 15 2019, 21:55 GBPJPY Subscribe! Subscribers Only Subscribers Only
Mon, Apr 15 2019, 11:42 GBPJPY free 148.55
147.9
147.2
146.3
146.15
145.15