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Intraday forecastBritish Pound vs. Japanese Yen technical chart
SymbolGBPJPY
Release TimeWed, 12/04/2019 - 21:10
Advisebuy (limit) above S1=142.1
Intraday
Short term
Yesterday range79
Yesterday high141.7
Yesterday low140.91
Yesterday close141.13
R3143.8
R2143.4
R1142.8
S1142.1
S2141.8
S3140.7
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=142.8.
TP4: R2=143.4.
Set the stoploss of these orders at breakout of S2=141.8.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=141.8.
In this situation, there is an expectation to reach the target S3=140.7.
Set the stoploss of reverse orders at breakout of S1=142.1.

Latest forecasts
Release Time Symbol Intraday R S
Thu, Jan 23 2020, 22:33 GBPJPY Subscribe! Subscribers Only Subscribers Only
Wed, Jan 22 2020, 20:59 GBPJPY Subscribe! Subscribers Only Subscribers Only
Tue, Jan 21 2020, 21:13 GBPJPY free 144.95
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Thu, Jan 16 2020, 21:02 GBPJPY Subscribe! Subscribers Only Subscribers Only