GBPJPY

Here's a couple scenarios for you. Note the AB=CD patterns and possible Gartley on the chart on the bottom. The chart on the top is a series of support and resistance levels in a 5min time frame.

If the red lines are broken and depending on the candle patterns these will be the entry levels with 40 to 50 pip targets before adjusting stops.

Short term bias to the upside is 137.50 (a key resistance area) to 139.00. Down side bias is 134.00 to 133.00 if it breaks below 135.20.