Today, I attempted a sell position on GBPJPY, setting my stop loss at 211.94 and my take profit at 211.46. On the M15 timeframe, the price of GBPJPY appears to be attempting a recovery, with several consecutive bullish candlesticks emerging. However, this upward movement has not yet succeeded in altering the preceding market structure.
My sell position on GBPJPY hit its take profit level, resulting in a profit of $1.50. On the M15 timeframe, GBPJPY moved downward, breaking through the support level at 210.96 and establishing a new support level at 210.78. In my view, GBPJPY is likely to continue its decline on Monday; therefore, we can still look for sell opportunities to generate further profit.