GBPJPY | Trendline Breaks

GBPJPY has broken the rising trendline after being in the range since 5th Jan. Currently it is trading under the horizontal support. Two possibilities are here;

Bullish: A breakout above will lead the bulls and price will shoot only if it manages to break above horizontal area. 100 pips least will be the movement.

Bearish: A break below to the support zone, will call bears in the party and price can reach to 151 area.

Trade your levels accordingly.