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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: 3957 pip
Closed trade(s): 513 pip Profit
Open trade(s): 3444 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...

Closed Profit:
TP1 @ 131.80 touched at 2019.09.05 with 154 pip Profit.
TP2 @ 133.85 touched at 2019.09.13 with 359 pip Profit.
154 + 359 = 513 pip

Open Profit:
Profit for one trade is 135.18(current price) - 130.26(open price) = 492 pip
7 trade(s) still open, therefore total profit for open trade(s) is 492 x 7 = 3444 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.
  • If the Midterm level 130.70 is broken, we will close open trades.
  • Price may also reach 130.70, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 09/14/2019 - 20:10
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 130.70, beginning of uptrend is expected.
  • We make sure when the resistance at 135.65 breaks.
  • If the support at 130.70 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 130.70 is broken.

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 maximum to Major Resistance (135.65) 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 71.

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.