I'm expecting GBPJPY to retrace to around the 50% level before bouncing back up. In the medium-term, it seems GBPJPY has hit a bottom and has continually made LH's and I'm expecting a move after retracing a bit.
***** 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.