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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound / Japanese Yen technical chart
Symbol GBPJPY

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Trade Setup
#GBPJPY
Total Profit: 1152 pip
Closed trade(s): 0 pip Profit
Open trade(s): 1152 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 130.26 (day close price) based on 'Valley' at 2019.09.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 131.54(current price) - 130.26(open price) = 128 pip
9 trade(s) still open, therefore total profit for open trade(s) is 128 x 9 = 1152 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateWed, 09/04/2019 - 23:03
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 125.50, beginning of uptrend is expected.
  • We make sure when the resistance at 133.85 breaks.
  • If the support at 125.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 45 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 126.65 on 09/03/2019, so more gains to resistance(s) 131.80 and maximum to Major Resistance (133.85) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 131.80
  2. 133.85
  3. 135.65
  4. 137.65
  5. 140.10
  6. 143.70
  7. 146.50
  8. 149.50
Click on the level to view price action history.