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GBP/JPY Following the Channel

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
FieryTrading  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns GBPJPY Parallel Channel Bullish Patterns signal
2
0
trendanalysis indicator chartpattern gbpjpy parallelchannel bullish signal
GBP/JPY bounced off the lower trend line, staying within it's channel.
Assuming it will bounce back and forth, consider the red marked area for a potential exit of your long position.

Follow the trend!
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