GBPJPY Breakdown Analysis

Looking at GBPJPY we see price doing a small consolidation around the T1 area ( 0% Fibonacci ). Price Action hunted liquidity and these is more liquidity at T2 and T3. Price might pull back to the 150.00 price and then go hunt that liquidity on top or just shoot from here, respecting the resistance turned support area. COT reports shows Yen getting stronger in net positions and the Pound staying stagnant at a extreme low net position.