Nice idea on GBPJPY and there may be bearish potential as you have identified. The 1st resistance that we have identified is at 149. It is a horizontal swing low resistance, with 76.4% Fibonacci retracement and 61.8% Fibonacci extension. Stochastic is approaching its resistance at 97% where a corresponding reversal could occur. If a reversal does occur, we may take a closer look at the 148.1 support, which lies just above the lower limit of your take profit zone. It is a horizontal swing low support with a 61.8% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and share with us what you think.