GBPJPY buyers might have finally run out of steam

GBJPY staged a moderately strong rally last week primarily due to JPY weakness. However, the long-legged Doji candle at the resistance indicates that the buyers might have finally run out of steam.

At this point, sellers could step into the market.

So, traders can look for sell between 144.60 to 144.80 with SL above the resistance area. TPs can be set at 143.50, 142.70 and 141.30 respectively.
I have already sold last week and currently holding my trades.

Comment:

Perfect idea. Worked great

Trade closed: target reached:

All targets reached in GJ 330 pips profit