. There is still a possibility of temporary retracement to suggested resistance line (131.7). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 23.
TP1= @ 130.85
TP2= @ 130.50
TP3= @ 130.00
SL: Break Above R2