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Weekly forecast British Pound / Japanese Yen technical chart
Symbol GBPJPY

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Trade Setup
#GBPJPY
Total Profit: 5201 pip
Closed trade(s): 1791 pip Profit
Open trade(s): 3410 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.
TP3 @ 135.65 touched at 2019.09.20 with 539 pip Profit.
TP4 @ 137.65 touched at 2019.10.11 with 739 pip Profit.
154 + 359 + 539 + 739 = 1791 pip

Open Profit:
Profit for one trade is 137.08(current price) - 130.26(open price) = 682 pip
5 trade(s) still open, therefore total profit for open trade(s) is 682 x 5 = 3410 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 130.700 is broken, we will close open trades.
DateOctober 12, 2019 - 19:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 130.700 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 130.700 is broken.

Technical analysis:

  • A trough is formed in daily chart at 130.46 on 10/08/2019, so more gains to resistance(s) 137.65, 140.10, 143.70 and more heights 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 / Japanese Yen (GBPJPY) Sun, 14 Apr 2024
British Pound / Japanese Yen (GBPJPY) Sat, 6 Apr 2024
British Pound / Japanese Yen (GBPJPY) Sat, 30 Mar 2024
British Pound / Japanese Yen (GBPJPY) Sat, 23 Mar 2024
British Pound / Japanese Yen (GBPJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPJPY.