Hi everyone GBP/JPY has had a little bounce today breaking the 21ema on the 1h timeframe. Its been rejected at the swing high but if it closes below 151.540 on this candle it could be a failed bounce and revisit the lows. Bullish side - The rsi is making high lows so thats a sign that this downward trend is over, there is a green spot on the 4h Bearish side - We are still making lower highs on the 1h timeframe Overall - If it closes below 151.540 on the 1h i can see it revisiting the lows but if not i can see it testing 152.220 due to the green spot on the 4h.