GBPJPY: Are Sellers Done?

My bias for GJ is still Bullish so I'm looking to buy after the pullback. Price retraced to fill the imbalance and was rejected at the 38.2 fib. I would like to see a deeper retracement down to the discount fib levels.

50 fib (192.68)
62 fib (192)

The 62 fib also has a bullish OB confluence. It is possible that price can push up from our first target at 193.75. Let's be patient and wait for our Bullish confirmations.