GBP JPY - ride the wave down

Hello analysts and traders,

We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take.
is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs?

Or are August September going to be safehaven assets?


Quick technicals;
- Channel has formed nicely -
- Bullish GBP and still a strong Yen .
- Awaiting a nice rejection of the supply mid channel or top of the channel.
- Fibonacci - retracement almost at 50% monthly.
- Price on the wider timeframe keeps showing a great wave pattern to the downside.

Fundamentals -
Brexit deal looms and trade deal around the world for the US needs to trigger a large response.

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