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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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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (139.45 to 138.65). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (139.45)
    • Support on 02/17/2017
    • Support on 02/24/2017
    • Support on 02/27/2017
    • Support on 02/28/2017
    • Support on 03/01/2017
    • Support on 03/03/2017
    • Support on 03/10/2017
    • Support on 03/13/2017
    • Support on 03/14/2017
    • Support on 03/17/2017
    • Resistance on 03/21/2017
    • Resistance on 03/22/2017
    • Resistance on 03/23/2017
    • Resistance on 03/28/2017
    • Resistance on 04/18/2017
    • Resistance on 04/19/2017
    • Support on 06/09/2017
    • Support on 06/14/2017
    • Support on 06/15/2017
    • Support on 08/23/2017
    • Support on 08/24/2017
    • Support on 12/28/2018
    • Support on 12/31/2018
    • Resistance on 01/02/2019
    • Resistance on 01/08/2019
    • Resistance on 01/11/2019
    • Resistance on 01/14/2019
    • Support on 01/16/2019
    • Support on 01/17/2019
  • Ending of entry zone (138.65)
    • Resistance on 11/22/2016
    • Support on 11/28/2016
    • Support on 11/29/2016
    • Support on 02/07/2017
    • Support on 02/28/2017
    • Support on 03/07/2017
    • Support on 03/08/2017
    • Support on 03/16/2017
    • Support on 03/22/2017
    • Support on 03/23/2017
    • Support on 03/24/2017
    • Resistance on 03/29/2017
    • Resistance on 04/04/2017
    • Resistance on 04/05/2017
    • Resistance on 04/06/2017
    • Support on 06/12/2017
    • Resistance on 01/09/2019
    • Resistance on 01/10/2019
    • Support on 01/15/2019

DateSat, 05/18/2019 - 22:20
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 138.65, resumption of uptrend is expected.
  • We make sure when the resistance at 143.70 breaks.
  • If the support at 138.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 146.50 on 05/03/2019, so more losses to support(s) 139.90, 139.45 and minimum to Major Support (138.65) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 25.

Take Profits:

  1. 139.90
  2. 141.10
  3. 143.70
  4. 144.85
  5. 146.50
  6. 149.50
  7. 153.75
  8. 156.60
  9. 159.30
  10. 168.00
Click on the level to view price action history.