GBPJPY is currently in a channel, looking for either a short if price action extends beyond the level of support or a long if price action extends beyond the resistance level. If you want a more conservative approach, you can wait for an extension and pullback and buy/sell into the pullback. Finally, you can place an SL at previous level of structure and a target at a 1:1 risk/reward profile price level.
Hope this helps
Hope this helps