OANDA:GBPJPY   British Pound / Japanese Yen
Given the descending channel, the price is about to touch the top line. If the price reaches the top line and it start descending, we recommend to take a short position, in which the stop loss is located at 135.716, and the Take Profit, at the 130.590. The Risk/Reward Ratio is 2.08.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.