GBPJPY: Trend Reversal and How to Trade

If the price bounces from 147.950 resistance zone and breaks the local uptrend line, it will give us a bearish signal.

RSI line and the strong bearish candle confirms the price reversal now. We just need to wait for the close price of the day.

MACD histogram is going to support the price reversal and a downward movement.

It will be possible to sell based on the breakout signal below the uptrend line and 144.00 support zone. It will be possible to open sell trades following breakout and reversal signals from the lower timeframes.