FX:GBPJPY British Pound/Japanese Yen
As you could see outlined on the chart we believe this pair is looking to possible targets of 136.500 then possibly 134.00. There are several ways this trade setup could be undertaken. You can either wait for a breakout and retest of the lower with confirmation. However, we would be entering this trade around 140.30. Stops could be placed just above the upper descending or above the previous highest high (Above 143.500). If price breaks above the pattern then this trade setup is no longer valid.