GBP/JPY Short - Retest of the Breakout

GBP/JPY is now coming up to retest the trendline which was previously used as support. This provides a good opportunity to enter a short position at the retest, this area is also within the fib retracement zone and thus provides a strong bias to the downside. Wait for the candle to close before entering the trade. The ideal entry is where the fib zone and trendline meet.