This pair moved down for 1200 pips in last rally.

gbpjpy-d

So we should at least see some kind of correction, before it will possible continue its down move. I see first option to look for sell signal at 50% Fibonacci retrace, which is at resistance 189.50 and previous event area (option 1).

Bulls should look for 189.50 break and then a retest. They should look for buy signal on 4h or 1h chart. (2).

On Monday there is no major red news in Japan and UK.

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