. There is a possibility of temporary retracement to suggested support line (132.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 57.
TP1= @ 133.65
TP2= @ 134.80
TP3= @ 135.95
TP4= @ 137.40
TP5= @ 139.75
SL= Break below S2
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