Still Bearish, GBPJPY Back Targeting Area 181.95

Looks bearish bias on the 4-hour chart, especially if price able to break back below 183.55 area. Potentially trigger further bearish momentum re-testing 182.60 area before targeting 181.95 area (Fibo 50.0% of 167.99-195.87).

On the reverse side, immediate resistance could be found at 184.45 area. Consistent break above that area would bring the price to neutral zone in the short term, with the possibility of testing the 185.20 area (38.2% Fibo). MA-21 around 185.65 area will act as the next resistance.