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Intraday forecastBritish Pound vs. Japanese Yen technical chart
SymbolGBPJPY
Release TimeMon, 02/11/2019 - 22:38
Advisebuy (limit) above S1=141.5
Intraday
Short term
Yesterday range73
Yesterday high142.55
Yesterday low141.82
Yesterday close141.82
R3143.1
R2142.5
R1142.25
S1141.5
S2141.2
S3140.05
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=141.5.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=142.25.
TP4: R2=142.5.
Set the stoploss of these orders at breakout of S2=141.2.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=141.2.
In this situation, there is an expectation to reach the target S3=140.05.
Set the stoploss of reverse orders at breakout of S1=141.5.

Latest forecasts
Release Time Symbol Intraday R S
Fri, Feb 22 2019, 00:53 GBPJPY free 145.9
145.35
145.05
144.05
143.75
142.6
Wed, Feb 20 2019, 21:48 GBPJPY Subscribe! Subscribers Only Subscribers Only
Tue, Feb 19 2019, 22:43 GBPJPY Subscribe! Subscribers Only Subscribers Only
Mon, Feb 18 2019, 22:12 GBPJPY free 145
144.15
143.2
142.2
141.95
140.85
Thu, Feb 14 2019, 21:46 GBPJPY Subscribe! Subscribers Only Subscribers Only