GJ Breakout Reversal

GBPJPY has broken to the downside with a strong bearish engulfing candle. The reason I like this set up is because most times when price is going to change directions it will make one last high before it starts dropping and that's exact what this candle stick did. (Also note on the far left how price made the last low before turning bullish). These are signs of a trend change. For this set up to remain valid we need to see price reject resistance around the psychological 144.000 confluent with the 61.8%. This is high on my watch list for next week. There will be a lot of opportunities in the week ahead, but definitely keep an eye on this. I am not a financial advisor. This is not financial advice. This is for educational purposes only