After finishing an ABC pattern GBPJPY looks like its turning bullish and heading towards 164 area at least.We have divergence on H4, and I'll be looking for buy setups on lower timeframes after the trendline breaks.
This pair looking like a nice short opportunity. Clear downtrend established on the higher timeframes and then this fibonacci play with the CTL break gives us the shorts down to the final target at fib extension around 148.20
Pair is showing us some weekness. On the bigger picture the trend is down, the price bounced off weekly 50% FIB. It has broken CTL now I'm waiting for price to take out the newly made swing low and continue the downside move down to 0.7500