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?