GBPJPY has been trading inside the given Channel since the start of February 2020. The currency pair seems to have entered a correction phase . i expect to see further correction till 50% fibonacci level . But since there is a parallel support zone almost at the 38.2% fibonacci level , i will be taking 154.9 as an initial Target level !
however , the price will most probably follow the direction as marked by the arrows in the Chart!
however , the price will most probably follow the direction as marked by the arrows in the Chart!