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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. 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.

Symbol Released Current Forecast
British Pound vs. Japanese Yen (GBPJPY) new Sat, 19 Oct 2019
British Pound vs. Japanese Yen (GBPJPY) free Sat, 12 Oct 2019
British Pound vs. Japanese Yen (GBPJPY) Sat, 5 Oct 2019
British Pound vs. Japanese Yen (GBPJPY) free Sat, 28 Sep 2019
British Pound vs. Japanese Yen (GBPJPY) Sat, 21 Sep 2019