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GBPJPY | Wait for breakout.

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
TradeTrio Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns GBPUSD gbpusdlong GBP jpy Bitcoin (Cryptocurrency) Gold trade trio tradetrio
5
0
trendanalysis chartpattern harmonicpatterns gbpusd gbpusdlong gbp jpy bitcoin gold trade trio tradetrio
GBPJPY is trading in a bearish parallel channel.
Current price suggest the activity is slow down near resistance. Two things can happen now!!

Trade plan 1:
Buy when it breaks and close above the channel
TP: 157.380
SL: 156.420

Trade plan 2:
Short when it test the trendline or resistance zone and close with bearish candle
TP: 155.600
SL 156.850
Trade closed: target reached:
Trade plan 1 executed

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