The par is trading in a descending triangle and the 50-day moving average is capping the buyers, it is important to notice that 50 day ma creates a confluence with a descending trendline, gbpjpy is having a cyclic trend, the bottom should come around 17th of september and I think that price could reach the red support line, stochastic gives us anothere bearish signal, wait for a conformation in h4 and h1 before opening a sell