ITS THE LAST WEEK OF THE MONTH OF JULY AND WE AREN'T USUALLY VERY ACTIVE AROUND THIS TIME DUE TO MARKET CONSOLIDATION AND ACCUMULATION DURING THIS TIME LEADING INTO A NEW MONTH.
OVERALL BEARISH PATTERN ON GBPJPY WEDGE FORMATION HEAD AND SHOULDERS VISIBLE ETC. ETC.
WE ARE USING ONLY 1.5% RISK ON THIS TRADE WITH A 1:4 RISK TO REWARD TARGET.