We are in the sell on the OANDA:GBPJPY pair, at the moment. We believe the pound is going to re test the bottom trend line against the yen on the daily, in the medium term. If you are not in the sell, since the pair has already made an impulse on the downside, wait for a small correction or flag on the 1hr chart and take the sell with a stop above the correction. Trade with care and only with a backtested strategy. Please don’t forget to like us if you feel that our analyses and views may be a useful complement to your trading strategies. Updates on smaller timeframes will follow.