Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (155.43).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP5= @ 159.01
TP4= @ 158.34
TP3= @ 157.68
TP2= @ 157.15
TP1= @ 156.68
SL= Break below S2
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