A notable opportunity is unfolding in GBPJPY, signaling a potential sell-off. The bearish divergence in the RSI is a strong indicator supporting this view.
To maximize profits with reasonable risk, we recommend considering a sell position with an eye on the retracement. The safest entry point appears to be at the 50% market breaker block. Taking partial profits during this retracement, as the price is expected to bounce back temporarily, can be a prudent strategy.
Exercise caution and implement risk management measures to ensure profitable and sustainable trading.
If you have any questions or need further insights, feel free to reach out.
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