GBPJPY Trading Idea

Price drops to the uptrend line and it's a good level for opening trades. We have 2 possible variants. If price breaks the uptrend line and the support level, we'll have short opportunity. Place sell-stop orders below 140.00 with stop above 143.00 level. Profit target can be at 136.00 level. If price bounces from the uptrend and RSI confirms price reversal, we'll be able open long trades with stop orders below 140.00 level. Profit target shoul be at 148.00 level.

If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )