Pound Yen - 2 patterns , same thing

Pound Yen has progressed from 123 to 138. You can see price movement either within a channel or an ascending triangle.

With all short and medium term daily averages inline to the upside, the bias is long.

Entry points could be with either

1. Breakout at 1.40

or

2. Retrace - channel support 1.35 - 1.36

3. Stop would be at prior swing low

Your risk apatite would determine how you play this..... there's a potential for 400-800 pips....