GBPJPY | WATCHOUT LEVEL

GBPJPY has defined a top at 172.00.
The price has been since trading under the falling trendline.
The bulls have multiples attempts to break above but failed.
Now the price is currently trading near the falling resistance.
The falling trendline and 50SMA are at confluence point.
We are expecting bulls will soon exhaust and price may drop below the rising trendline.
Manage your trades accordingly.