GBPJPY was range bound between 132.50 to 134.60.it has given breakout on hourly closing basis 134.60 so now its first target is 136.30 at least.
After achieving its first target it can be seen between the range of 139.00- 139.40 as its target.
On daily chart it showing a breakout of bullish flag as to support the target of 139.00-13940
To trade this idea stop loss...
If GBPUSD closes below 1.2330 on hourly basis it should be short sold for initial target of 1.2240 and after that it should be trailed for next Target of 1.2190.
Stop loss is 1.2360 on hourly closing basis.
