Technical analysis of GBP/JPY
EUR/USD: [v] of C may have been formed
Wave [v] of C may have been formed. So, if the price fixates under 7/8 MM Level, bears are likely going to deliver wave [i]. The main intraday target is 5/8 MM Level.
Wave (v) of [v] has been ended, so the price is declining. There's a developing wave (i), which is likely going to be continued. So, we should keep an eye on 2/8 MM Level as an intraday target.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.