We are currently awaiting a minor breakout to the upside of the consolidation phase of the GBPJPY, it might find resistance towards the 4hr EMA and "event area" . But right now we are only interested in the breakout to the upside. Only price action will determine whether we enter a trade or not, this is merely a skeletal outline of what we might do and a window to how we think here at Forex Portal. Trade Smart :-)