Gbp/Jpy has made a double top on hour 4 in what looks like a swing up in a downtrend. On Hour 1 Gbp/Jpy pulled back to the area around the 200 day moving average.
After some sell movement... I will open a sell trade. My take profit level is 160.000 This idea is based on trend trading. We are in a downtrend and we have a retest in a swing high in the downtrend.