Correction due on GBP Pairs; GBPJPY ready to bounce with the EUR

Long

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

I think after last week the GBP pairs got hammered and consequently they are now due a correction. I'm looking for a long in GBPJPY with stops below the lows below the trendline with a target of mid way between the channel.

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