Sterling weakness looming

FX:GBPJPY   British Pound / Japanese Yen
41 0 0
Here we have a well respected channel formed on GBPJPY             . A lower high has been formed suggesting a channel
breakout to the downside may be impending.
I shall be awaiting a break of the channel followed by a break and retest of 180.5, targets just below 1.76
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