💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.46.
Take Profits:
TP1= @ 149.70
TP2= @ 149. 40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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Britishpound
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149. 40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBP/USD 123 Top still in place!Hey Traders so in the last lesson I had metioned that GBP/USD has formed a 123 top formation. Although the market has started to climb back up as you can see it has still not taken out the 2 point. That means as long as the US Dollar uptrend continues this trade should work out. I still believe that the British Pound is still a great short opportunity.
Trade Well,
Clifford
All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
GBP/USD Weakening 123 Top Confirmed!Hey traders I just noticed the pound has been struggling move higher for a while now. I think the market may have topped out because the us dollar keeps on getting stronger and stronger like crazy. I think the pound is a great short opportunity in the making!
Enjoy!
Trade Well,
Clifford
(All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
What is going on in GBPCHF ?Trading suggestion:
At the first, I suggest that you consider the areas I have identified! There is a possibility of a powerful retracement. that two bearish trends are so strong and I will show you in zoom out in the comment below why I said those are so powerful!
If so, traders can set short orders based on Price Action and expect to reach short-term targets.
Technical analysis:
In a long term, GBPCHF is in a downtrend, and the continuation of the downtrend is expected.
The RSI is at 87.60 on daily and 72 on weekly so I think even if GBPCHF wants to break the bearish trend first has to keep calm and fall a little and then keep going for rising ...
Notice: in the other hand we have two news for GBP what the second one is Monetary Policy Report Hearings
Your Support is very much 🙏 appreciated!❤️
*******Please show your support back,
*******Hit the 👍 LIKE button,
*******Drop some feedback below in the comment!
Trade well, ❤️