GBP JPY seems to be forming a pennant. Look closely over the next few days to make sure it doesn't fall out, if it doesn't then you can go long by buying the retest or buying in at one of the dips in the pennant and waiting for the BO which in my opinion is a bit more risky. Added a bit of harmonics to the chart to people who trade harmonics, might see a gartley or other patterns in the pennant before it goes anywhere.
Trade closed: stop reached:
Fell out of pennant. Well, off to the next trade!