FX:GBPJPY   British Pound / Japanese Yen
The YEN appears to start the week on the back foot after solid gains last week and we have a channel break on GBP/JPY             .

I'm LONG this market from 165.04 with a STOP under last weeks Friday high of 164.74.

Target is 167 area where the 200 sma's come in and above that the monthly fib at 167.29.
Trade active: Moving my STOP to b/e on this one. Still looking at 167.29 (38.2 Monthly Fib.) if we clear the 200 sma at 166.90 area.
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