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c_cap11

GBPJPY - Daily - Retracement?

Short
British Pound / Japanese Yen (FX:GBPJPY)  
c_cap11  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis GBPJPY Relative Strength Index (RSI) short risktoreward profit cluster money
5
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trendanalysis indicator waveanalysis gbpjpy relativestrengthindex short risktoreward profit cluster money
It seems the price is moving toward the highlighted cluster. Indeed watching the 4H TF, two tight highs occured + divergence on the RSI --> probably it's forming a retracement.
TP @132.12 (between 0.382 and 0.5 fibonacci level)
SL @135.78
R/R 3.7

After this retracement, the Uptrend could run towards @141.19
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