Sell gbp/jpy British Pound Sterling / Japanese YenCMCMARKETS:GBPJPYhodkarIn examining the chart, we can observe that we are currently experiencing a downward trend, identified between two blue lines. If we look back at the previous trend, it appears we are in a correction phase of an upward movement. Notably, there (FVG) that haven't yet been filled on the daily chart, and these gaps overlap with the 61.8% Fibonacci retracement level. Given this context, we can project that the current downward trend may extend down to the 197 level. Therefore, it might be prudent to wait until the price touches the upper boundary of this downward trend before considering a short position targeting this key level. This strategy allows us to take advantage of potential price movements aligned with Fibonacci retracement principles while remaining cautious of the ongoing correction.