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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: 234 pip
Closed trade(s): 0 pip Profit
Open trade(s): 234 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 136.61 based on 'Valley' at 2019.06.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 136.79(current price) - 136.61(open price) = 18 pip
13 trade(s) still open, therefore total profit for open trade(s) is 18 x 13 = 234 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.

DateSat, 06/22/2019 - 20:59
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 135.60, beginning of uptrend is expected.
  • We make sure when the resistance at 139.90 breaks.
  • If the support at 135.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 135.37 on 06/18/2019, so more gains to resistance(s) 137.65, 138.60 and maximum to Major Resistance (139.90) 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 37.

Take Profits:

  1. 137.65
  2. 138.60
  3. 139.90
  4. 141.10
  5. 142.20
  6. 143.70
  7. 146.50
  8. 149.50
  9. 153.75
  10. 156.60
  11. 159.30
  12. 168.00
Click on the level to view price action history.