SHORTING POTENTIAL ON GBP/JPY

:We have a potentially good shorting opportunity on GJ,
-TREND:market structure is bearish from the 1D down to the 15minute.
We are clearly forming text book lower highs and lower lows coupled with bearish impulses to the downside and bullish impulses to the upside showing that sellers have control of the general trend.
-CONFLUENCE: The most recent lower high is rejecting off of key Fibonacci levels .
So it s definitely in your favour to look for shorting positions targeting the length of the previous impulse move.