GBPJPY has been in a steady downtrend since early 2018.
Price is approaching the supporting trendline for this channel around 132.00. Notice the price is moving against the momentum.
Towards 132 , the bias is short.
At 132 , looking for signs of a reversal to the upside to test the 138 level ( now acting as resistance) , before price resumes the downtrend to major support at 126.