Technician

Trade Idea: Short GBPJPY for a pullback

Short
FX:GBPJPY   British Pound / Japanese Yen
Hello mates,

I see a good chance for a downside pullback as the price has been up-trending strongly in the past weeks.
We have reached a medium to long term resistance area among 148.00-1.4830. RSI is divergent and a four-hour shooting star candle formed.

Best regards
Technician
Comment: First target reached. Stop loss moved to entry to lock profits.
Trade closed: target reached: Full target reached
Comment: Profit(in pips) = (117 pip on first half + 214 pips on second half)/2 = 165.5.
Comment: Return on capital = 3.6%.
Note: Risk per trade is 2%

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