We were long on the GBPJPY -1.38% from bottom. Looks like the bullish wave is about to end and now time to look for short on the GBPJPY -1.38% .
There We are seeing very strong bearish Movement just watch for the retracement against that on lower time frame and look for that correction to breakdown.
In case price close above the previous high than it will change the bearish setup.
In other case If we are not going to see downside continuation and price is going to turn into a bigger daily correction then we will look for buy back to the previous high.
Hope that will help. If not then follow the updates.
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