Possible Short on GBPJPY // Downtrend Channel
It seems GBPJPY is respecting downtrend channel on H1 timeframe. The target is the next important support to test with level 134.108
Trade active:
Channel is being tested again. We still don't have signs for cancelling the trade. Let's see if price goes below this 135.800/400 zone and reaches the target. We'll cancel the trade if the price closes above the major trendline and doesn't fail retest.
Trade closed manually:
Trade failed. Channel has been broken upside. Going long right now at level 136.106