I'll be looking to short the retest of the . Horizontally, it's a 4 touch which is now resistance, making it a perfect place to short.
JXY is currently looking like it's going to recover, which will push GBPJPY down.
The trade will be confirmed if there's weakness above the 0.618 level but below the trendline.
Take profit at nearest trouble area. Nearest big support is around 148.2.
Happy trading:) follow for more