GBPJPY: SHORT

GBPJPY is currently on a confluence zone consisting of the weekly descending trendline and resistance region.
The market tested this confluence area with an inverted hammer on the weekly timeframe which is a strong bearish Indication.
Currently the market is facing a very strong bearish pressure, I expect a slight retracement to the upside after this Bearish pressure and after which the market continues in its Bearish trend