AS we have seen GBPJPY is struggling to fight between 153.00 and 158.00.
the noticeable point is that the GBPYJPY is moving upward and making risk trend line, now the risk trend line has been broken by Pair and retest by the pair.
The pair now may take retrenchment to test major trend line point i.e.156.00. if pair break this trendline then the pair move towards to it support located around 153.00.
Trading Tips:
SELL GBPJPY NOW @157.00,
TP1 156.100,
TP2 155.350
TP3 153.332
SL @ 158.600 followed by 157.100
‼️Follow proper risk management.
‼️Trade at your own risk.
‼️Always close half lot & move SL to entry point after TP1.