GBP / JPY: Daily schedule – downtrend
Price of diagonal and horizontal resistance
Fibonacci – correction to 23.6
Price Action: Internal bar – spining top – possible downgrade
50/200 MA: 50 under 200 – a downward trend
DEM and CCI (50) rotated from over-bought market – a negative signal
Alternative scenario: If the price crosses above the 23.6 fibo, we can see a new bullish momentum to resistance levels.