Today, I attempted a sell trade on GBPJPY, placing my stop loss at 215.39 and my take profit at 215.00. On the M15 timeframe, the current price action indicates continued seller dominance, with the pair holding firm below the MA200.
The sell position I opened on GBPJPY hit my stop loss, resulting in a $1.20 loss. On the M15 timeframe, GBPJPY is currently trading above the MA200 after successfully breaking through resistance. I believe GBPJPY still has upside potential, so we can still look for buying opportunities.