GbpJpy has recently been moving in a sideways consolidation pattern on the 4H chart. This provides an opportunity to go long the market in expectation of a retest of the previous highs. The risk reward ratio of this trade isn't a very good one but the probability is. So, in my opinion, a retest of the highs is very likely even in the scenario that the market continues down further. A stop should be placed just below the most recent lows.
