Sell GBP/JPY after failed breakout and retest of resistance.British Pound/Japanese YenFX:GBPJPYForexExpats1JPY is showing some signs of strength after days / weeks of weakness. Maybe not a reversal but at least a healthy correction is due. GBP is also at the top of it's range after recent good news and I think it will be difficult for any more large gains. GBP/JPY is now at major resistance and what looks like a failed breakout ( happens often ) seems like a great time to sell. Sell : 199.80 retest major resistance Stop : 200.60 above failed breakout highs Profit : 196.60 before cluster support Risk 1 : 4