GBPJPY

after bearish price movement that formed on September 17, the pair has lost 570 pip and is now below the key level, which was formed in October 2014
Watch for opportunities to sell if the price is below the former trendline support on the daily closing. Key support comes to 178,550, and 175. In addition, a daily close back above the trendline would negate the bearish bias in the short run and open the door to move up to 182.50.