Current price is at Supply zone. If there is confirmation candle SELL form on M1, will be selling for scalp strategy. Until Demand cannot be break the price will go up looking for major supply zone, otherwise it will continue making new low for m15 chart hence sell position for scalp can be hold for intraday.
Sharing my one cent analysis on GBPJPY pair. At the moment, according to m15 chart the price is currently at Supply Zone. From my analysis, this is a pullback for an entry sell at the supply zone after the first test it was making a significant drop.
We need to wait if the price making a breakout to the demand zone to confirm reversal and place short position.