GBPJPY: In a Declining Channel (Sell)

GBPJPY: is currently in a declining channel after failing to push higher above 146.500 level. Thus, the spike indicates that GBPJPY is still bearish.

Strategy: 

Plan A: Sell at 145.200-145.500 levels, Target Price 143.500-143.000, Stop Loss at 146.00

Plan B: Buy/HOLD position at 142.500-142.00 levels.

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