SHORT ON GBP/JPY

Price has been falling from a major supply zone.

Price has also retracted from the 50 fib level and gained momentum with a massive bear candle.

I expect price to get to the next major demand zone below.

Here is the play I will be taking on this pair:

PAIR = GBPJPY
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 153.652
STOP LOSS = 155.520 - 186 PIPS
TAKE PROFIT = 151.125 - 252 PIPS