I add another GBP/JPY short position at 142.84. The pair went back inside the channel and tested my Stop Loss level (near 23.6% area of 118.80 to 151.52 and 30 EMA in H4 chart) before it dropped again below the channel. Target still remain at 139.02 first and 135.16 next.
GBP/JPY H4 Chart
I also move SL to 143.30 based on the MA crossover signal. I add another trendline as you can see below, which had been broken now. However, the pair need to break it previous low at 140.58. Otherwise, I wont be surprised if it makes another bullish move later on US session. I'm preety confident though, that the pair will go to 135.16 area since USD/JPY had gone below it channel also, with QQE crossing 50 level. That's all. Bye :)
GBP/JPY H1 Chart
USD/JPY Daily Chart
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