GBP/JPY in Downtrend- Sell for Intra to Mid Term positions

The GBP/JPY  is in down trend.

It has shown some profit booking on lower levels but prices are not sustaining on higher levels & expected to continue its ongoing trend. The pair has formed a upward channel, which is expected to give a breakout at down side.If the pair sustains below 180 levels, it can  come down to the levels of 179.70/179.50. Prices are also taking the resistance from 30 SMA, supporting the downside movement in the pair. RSI is also sustaining in selling territory indicating the bearish sentiment in the market.

WHAT SHOULD BE THE STRATEGY?

For Today GBP/JPY is looking weak on chart. We can expect downside movement for few upcoming session. 

WHAT WE SUGGEST?

One can go for sell on higher level strategy for this pair for intra day to mid term positions.