Relatively Low Risk Sell Setup for GBPJPY

This pair has had quite the bullish run for the past several months and is starting to show signs of topping action. Bearish momentum is beginning to accelerate to the downside which should continue towards the target as outline on the chart.

With that said, getting in right away isn't always the best option but rather waiting for a better entry. My entry pending orders are will begin scaling at 169.50 up towards 170 with heavier lots.