After the massive historical drop in March, the GBP/JPY (along with GPY/USD) had a massive pull back to the 50% Fibonacci level.
It used the 50% retracement as resistance then hung around the top but to me this last bearish D1 candle signals further down movement.
I entered at 133.90 with a tight stop at 134.20. There is no immediate TP level as the drop looks...
Bulish Gartley formed on USD/JPY,
followed by a Pin Bar on M15 time frame,
then a Pin Bar on H1 time frame
Entered long on the break of the M15 Pin, (the 1H Pin was a bonus). The overall trend is still up, this area showed buyer interest yesterday with strong reactions
