GBP/JPY is in down trend: Has it shown some profit booking?

The GBP/JPY is in down trend, It has shown some profit booking at lower levels but now prices are not sustaining at lower levels & consolidating with a negative  bias.  If the pair sustains below 177.20  levels, it can  come down to the levels of 176.90/176.60. Prices are also taking the resistance from 30 SMA & 200 SMA, supporting the downside movement in the pair. RSI is also sustaining in selling territory, indicating the bearish sentiment in the market.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0908	1.1112	1.1239	1.1443	1.1570	1.1774	1.1901
GBP/USD	1.4671	1.4820	1.4915	1.5064	1.5159	1.5308	1.5403
USD/JPY	116.16	116.70	117.59	118.13	119.02	119.56	120.45
USD/CHF	0.8339	0.8431	0.8572	0.8664	0.8805	0.8897	0.9038
AUD/USD	0.7823	0.7908	0.7967	0.8052	0.8111	0.8196	0.8255
EUR/GBP	0.7395	0.7473	0.7523	0.7601	0.7651	0.7729	0.7779
USD/CAD	1.2210	1.2260	1.2321	1.2371	1.2432	1.2482	1.2543
NZD/USD	0.7350	0.7413	0.7458	0.7521	0.7566	0.7629	0.7674

  STRATEGY:- For Today GBP/JPY  is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions