GBPJPY is bound to retest the downward channel, as it did when it broke out of the bottom last time. It is also right on the 200 4-HR SMA, which is acting as a tough resistance, as well as the supply zone.
My last short idea did hit my original stop, but I moved my stop up because I think this will be a huge move.
As always, use proper money management
GBPJPY broke out of the channel due to brexit news, as the previous lower channel break shows, most channel breaks get retested and a lot of times, re enter the channel. Along with bearish SMAs
Use Proper MM