You can see that the consolidation shows we are in a behaviour however the descending formation portrays that GBP/JPY has the potential to pattern out and perform a move in order to keep flowing. The pattern has been identified as this correlates with the potential channel. I believe that the trend will create corrective waves towards structure levels as the potential target point is in line with the lower lows in which could be a signal to go long.
Trade closed: target reached: Congrats to the people who shorted this trade. Happy trading :D