These are my thoughts for GBP/JPY
- After a strong push to the upside , momentum is finally slowing down indicating sell pressure.
- Higher lower formed , breaking structure.
However i still feel that there is a lot of buy pressure in the market, so be careful.
Only trade one pair at a time. Its much easier to predict the direction when your attention is focused on one chart.
Good Luck With The Rest Of Your Trading Week
I Wish You All The Best