OANDA:GBPJPY   British Pound / Japanese Yen
We saw price push through the 132.268 level but then however resist at the 132.540 level and is currently heading in the bearish direction on the 1hr chart. The pair is currently in a down trend on the daily chart with lower highs and lows over the past couple of weeks. I would like to see the 132.5 level tested again followed by an entry candle in the bearish direction towards the 130.8 level. The pullback to the 132.5 level should force the market into an over bought situation.