On the monthly timeframe there is clearly downtrend.On the daily timeframe price respects the zones, again there is a potential head and shoulders pattern

GBPJPY
1.BE PATIENT AND wait for price to come to the zones
2 .entries on the 15 minute timeframe
1.BE PATIENT AND wait for price to come to the zones
2 .entries on the 15 minute timeframe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.