GBPJPY - Potential Long and short senario

GBPJPY channel down.. potential long after breakout.. SWING target 143.45 area..

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Vinny

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70 pips since i posted this chart..

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looks like a false breakout..scenario 2 ..

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long running with 40 pips.. will close my position before CPI data unless its positive..

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close short GBPJPY.. daily support level.. wait for next entry for short or long...

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breached daily support... entered short again.. target trendline or next fibonacci level..

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fibonnaci .618 continuation downtrend expected...

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running 35 pips from .618 level.. hoping to break the resistance but needed strong bear action.. anyways in profit...