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Intraday forecastBritish Pound vs. Japanese Yen technical chart
SymbolGBPJPY
Release TimeWed, 05/15/2019 - 20:32
Advisesell (limit) below R1=141.2
Intraday
Short term
Yesterday range82
Yesterday high142.17
Yesterday low141.35
Yesterday close141.42
R3142.45
R2141.4
R1141.2
S1140.15
S2139.8
S3139.35
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=141.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=140.15.
TP4: S2=139.8.
Set the stoploss of these orders at breakout of R2=141.4.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=141.4.
In this situation, there is an expectation to reach the target R3=142.45.
Set the stoploss of reverse orders at breakout of R1=141.2.

Latest forecasts
Release Time Symbol Intraday R S
Wed, Dec 4 2019, 21:10 GBPJPY free 143.8
143.4
142.8
142.1
141.8
140.7
Tue, Dec 3 2019, 20:55 GBPJPY Subscribe! Subscribers Only Subscribers Only
Mon, Dec 2 2019, 20:07 GBPJPY Subscribe! Subscribers Only Subscribers Only
Mon, Dec 2 2019, 13:12 GBPJPY Subscribe! Subscribers Only Subscribers Only
Thu, Nov 28 2019, 20:04 GBPJPY Subscribe! Subscribers Only Subscribers Only