GBP - Weak Bearish 1️⃣ The annual inflation rate in the UK dropped to 2.0% in July.
CAD - Strong Bearish 1️⃣ The decline in crude oil prices is depressing CAD. 2️⃣ Canadian retail sales for June are expected to be weaker following a decline in wholesale sales.
===== Technical =====
We are looking to sell GBPJPY around resistance.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.