GBPJPY COULD BE ON A FAKE-OUT!

THIS ANALYSIS IS FOR EDUCATIONAL PURPOSES!
YOU TRADE IT AT YOUR OWN RISK

I'VE BEEN WATCHING THIS PAIR CARVE SOME LH AND LL ON SMALLER TIMEFRAMES.
MY TAKE IS, GBP IS CURRENTLY WEAK AND JPY IS A SAFE HAVEN THAT BIG INVESTORS FIND SOLACE IN!
IF WE GET A PULL BACK INSIDE THIS CHANNEL AND IT CLOSES WELL, THEN IT WILL SELL HARD, IF THE PULLBACK IN AN AGGRESSIVE ONE!

THIS KIND OF SELLOFF OF A FAKE-OUT-BACK-INTO-A-CHANNEL MUST TOUCH THE CHANNEL BOTTOM FROM THE TOP!

UNTIL THEN, WE WAIT!