The downchannel was broken to upside which indicates a bullish flag with ABCD extensions possibiy taking the GBPJPY north if structure support around 180.20 is broken.
Invalid if we come below FIB extension 38.2 of the upmove, so SL around 179.40 advised.
Overbought on several timeframes, retesting structure highs with bearish candle formation.
Beware that it has broken daily resistance for the first time since downfall, this could indicate a bullish move, but for now I'm short.
With the AUDUSD heading towards .75000 this is a great time to get in with the shorting guns. We've seen a pullback to previous support, break of support and now headed for even higher grounds.
Here is two ideas of where to get in with the shorts!