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Intraday forecastBritish Pound / Japanese Yen graphique technique
SymboleGBPJPY
Release Timejuin 23, 2021 - 00:13
Advisebuy (limit) above S1=153.7
Intraday
Short term
Yesterday range138
Yesterday high154.47
Yesterday low153.09
Yesterday close154.32
R3155.45
R2155
R1154.55
S1153.7
S2153.1
S3151.65
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=153.7.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=154.55.
TP4: R2=155.
Set the stoploss of these orders at breakout of S2=153.1.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=153.1.
In this situation, there is an expectation to reach the target S3=151.65.
Set the stoploss of reverse orders at breakout of S1=153.7.

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