GBPJPY broke a downtrend line but also met some resistance at 149.70 and reversed from there. It is now trading at 147 area. Let us see if we will get a retest of broken structure. If price doesn't break through the lower red box, look to buy.
Aggressive traders can enter now, stop loss at around 146.30 (70 pips) and target 149.40 (240 pips)
Failure to break the trendline might push up the pair to 148.40-60 (50% and 61.8% retracement) and form a right shoulder to complete a head and shoulders pattern before starting bigger leg down to around 145.
Let me know what you think!