It's a great buy opportunity in GBPJPY

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (148.15). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 148.70
TP2= @ 149.00
TP3= @ 149.50

SL= Break below S2

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Chart PatternsGBPGBPJPYTechnical IndicatorsjapaneseyenjpypoundTrend Analysis

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