Price broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this...
GBP/JPY market is following the above channel so will fall/sell to the downside. Do time your entry and exit right.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes only.
