GBPJPY - Reversal At Key Level

Here we have the 153.000 psychological level holding as resistance on GBPJPY, from which I anticipate price to sell off from.

I am mindful of a potential counter trend bounce, however if this area if broken we could see a drop to the highlighted target region of 131.500

This set up offers a nice risk:reward ratio with just a 40 pip stop above the key level. Let's see how this goes!