I was playing with higher time frames and I placed trend line from September 2013 low till present day and look what came out.

gbpjpy-daily

Chart shows that we are seating on it right now and there is also monthly support at 181.00 so I think major intersection. Let’s draw possible options for future days. First there is possibility that support at 181.00 will be broken, then we will be looking for a retest and short signal (1). Second option (2), that support at 181.00 and trend line will be respected and that we will bounce up from here. I marked spots with circles, where we should look for entry signals.

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