GBPJPY 4 hours timeframe analysis parttern

GBP/JPY’s extended fall last week suggests that rise from 188.07 has already completed at 198.84. Initial bias stays on the downside this week for 188.07 support. Firm break there will argue that corrective pattern from 180.00 has finished too, and larger decline from 208.09 might be ready to resume. On the upside, above 194.76 minor resistance will turn intraday bias neutral first.