Chart of the day $GBPJPY

GBPJPY is breaking above the strong upside resistance

On the GBPJPY daily chart, we can see that the pair is breaking above the strong falling channel resistance 145 level. This break is opening a further upside continuation into the 150 level. Look for a possible intraday pullback to enter the long trade. Invalidation of this upside extension will come only in the case of a daily close below the 144.500 level.
Note: look for the long trades with the stop loss below the 144.500 level 

 

 

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