Possible Short Opportunity for GBPJPY :
GBPJPY pair is failed to break the strong resistance at 134.650. The pair is now trading below the rising wedge breakdown on 4 hour chart which indicates the bears are now taking control to move the pair to downside.
Also pair is now trading on 50% retracement of the sell-off from 144.96 to 123.99. Also JPY pair is slowly getting the momentum on strong upside which also indicates seller might push the pair to the support zone 131.000 and also it could revisit 125.000 again.
On the other hand if the pair can break the strong resistance above 134.650 and a daily close above this resistance will set up the bull to go the upside.
This trading analysis is only for getting an idea about the current market situation. This is not a signal. These can be used for education purposes only.