RLinda ! GBPJPY-> Triangle at the base of the range

GBPJPY is in a narrow upward range (price channel) Price is squeezed between 169.09 and 167.39. The local trend is upward. What to expect?

We see the formation of an upward price channel in a consolidated movement, the nearest target due to the resistance of 169.09 has not been reached, the price went down, but a triangle pattern is formed at the base of the upward channel, if the price breaks the resistance of the pattern, it may go to 169.09 again and then to 170.58.

Should we expect a break-down of the pattern support? Less likely, but yes, because a secondary retest of the channel support is formed and the price might break it and go towards 166.100

Regards R. Linda!