GBPJPY has been trading inside the given parallel Channel since the start of August 2019 ! in the past few months , the currency pair has made a pattern that resembles an M and even started retesting the fibonacci level . Taking into account the resistance the pair is approaching , i expect the retracement to end within 153.678 - 154.47 . After the completion of the retracement , the currency pair will resume its movement downward till 149.276!