On the daily chart for the GBPJPY price is at a support zone it is also at a 50% fib level price had drop to a 61.8 fib level in late August 2015. Right now price is riding the 5 EMA if price action breaks above the 5EMA I would then expect price to rise to the 21EMa

GBPJPY Trade Plan 1st Sept 2015

You can see price has broken the 4 hour 21ema, so I would expect that the price action would make a lower high or double bottom

GBPJPY 4 hr Trade Plan

If you are looking to sell this pair then look for price to test the 186.00 as resistance . Or wait for price to break the double bottom zone and then price action come back to retest it as resistance before placing a short order.

Have a great day Trading fx

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