The GBP/JPY is forming the case of a late bearish and the Trader will now be take to try some of the profits.
On the 4-hour chart, the 50 SMA is above the 200-SMA and the RSI was the last 3 weeks above the 50 level.
The recent increase together with the acceleration upwards has led to the overbought area above the 75 level has been reached. On this Timeframe it is handed to a not-often-occurring event, often with the 5. The shaft is connected. The GBP/JPY should reach at least the 50-SMA in order to alleviate immediate upside pressure.