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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: 104 pip
Closed trade(s): 104 pip Profit
Open trade(s): 0 pip Profit

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

Closed Profit:
TP1 @ 137.65 touched at 2019.07.01 with 104 pip Profit.

12 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (135.65 to 135.15). 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 (135.65)
    • Support on 06/29/2016
    • Support on 06/30/2016
    • Support on 07/01/2016
    • Support on 07/04/2016
    • Support on 07/26/2016
    • Support on 09/01/2016
    • Support on 09/07/2016
    • Support on 09/08/2016
    • Support on 09/09/2016
    • Support on 09/12/2016
    • Resistance on 09/15/2016
    • Resistance on 11/14/2016
    • Support on 11/17/2016
    • Support on 11/18/2016
    • Support on 04/17/2017
    • Support on 01/03/2019
    • Support on 01/04/2019
    • Support on 06/18/2019
    • Support on 06/19/2019
  • Ending of entry zone (135.15)
    • Support on 06/30/2016
    • Resistance on 08/04/2016
    • Support on 09/01/2016
    • Support on 09/07/2016
    • Support on 09/08/2016
    • Support on 09/12/2016
    • Support on 09/13/2016
    • Support on 09/14/2016
    • Resistance on 09/16/2016
    • Resistance on 11/11/2016
    • Support on 11/17/2016
    • Support on 01/03/2019
    • Support on 07/03/2019

DateSat, 07/06/2019 - 21:01
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 135.15, beginning of uptrend is expected.
  • We make sure when the resistance at 139.90 breaks.
  • If the support at 135.15 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) 136.50, 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 38.

Take Profits:

  1. 136.50
  2. 137.65
  3. 138.60
  4. 139.90
  5. 141.10
  6. 142.20
  7. 143.70
  8. 146.50
  9. 149.50
  10. 153.75
  11. 156.60
  12. 159.30
  13. 168.00
Click on the level to view price action history.