Short term uptrend , mid term side

FX:GBPJPY   British Pound / Japanese Yen
18 0
After a long run now the trend is side way since Jan 2014.
The support uptrend which was intact since end of 2012 is broken in May.
There is also a support trend since Dec 2013, which broken once in Feb 2014.
On the other hand 170 is a psychological support,.
So next resistance is 171.7
But watching the chart squeezing between downward channel , SMA 20 &50
and on the other side the support trend and support of 170 will continue the side action

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