Trade Idea: Short GBPJPY for a pullback

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%