Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (138.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38.
β€οΈ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the π LIKE button, . . . . . . . . . . . Drop some feedback below in the comment!
β€οΈ Your Support is very much π appreciated! β€οΈ
π 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 do you see this opportunity and forecast.
Trade well, β€οΈ ForecastCity English Support Team β€οΈ