💡Don't miss the great sell opportunity in GBPJPY

22 feb 2022

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (156.40).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 155.31
TP2= @ 154.46
TP3= @ 153.53
TP4= @ 152.48
TP5= @ 151.60

SL: Break Above R2

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