2801 GBPJPY is possible to test 1st support zone for 360 pips

GBPJPY is still on its 3rd wave down inside the channel.
It going to meet its 1st strong support zone ( orange) soon.
We would suggest to close half or all size of your selling trades by then, considering BOE rate on Thursday.

Things might change after BOE.
Price could go sideway after BOE or down straght to the purple level in 1-2 weeks.

Good luck on deciding your direction first.

LESS IS MORE!

Trade closed: target reached:

We have a trade based on this idea hit TP1 and closed manually later above the resistance zone with 190 pips profit.

Sometimes a signal cant make it to final target.
We need to follow and prepare to close manually anytime if some bad signal appear or before big event.