OANDA:GBPJPY   British Pound / Japanese Yen
Positions have been running these two days & prices are expected to shoot after impulsive breakthrough of the descending channel as you can see in daily chart . It will keep its momentum for at least a month before reaching TP (take profit) & total rewards would be quite appealing, up to 900pips. In short term, it's possible to catch 50-100 pips per day. If you are to take long term hold, it's better to set at least 40 pips SL (stop loss) & can move SL to break-even after gaining 1% of the position.


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