GBPJPY - trading opportunity

As you now might have noticed, I really like using moving averages and finding channels & support/resistance levels in Forex trading.

This is GBPJPY and as we can see from the picture that the price is in a good bullish channel.

Furthermore, the rate has recently crossed over the 200 Moving Average which a strong signal for a further rise in the rate.

Long at 147

1st target at 150 (resistance)

Stop Loss at 146

What do you think?

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