GBPJPY has just taken a huge tumble and major correction, now it is oversold and needs a correction back up. I believe it will push down a bit more to test the 76.4 fib level before retracing back up.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.