Today we have a very nice setup on FX:GBPJPY .
As we see on the chart the market has broken the neckline of , resistance is now a support; which means we are not in a . Currently we have 3 potential .
According to my analyzes the best reversal zone is "PRZ 1" which is a completion levels of little and bat patterns; plus OR zone. Besides there is an opportunity that price will reverse at the neckline level.