GBP/JPY just made a break out of the wedge formation on the bearish side. It made a decent move to the upside. Previous ressistance level that is also supported by .236 fibb ratio was broken easily. It may have enoug momentum to go higer. Entering a long position if a bullish candle closes above the indicated level. Stops at previous support level, chart may be forming a double bottom if it breaks the indicated level. Taking profits at previous support level. Good luck