#GBPJPY: +5500 Pips Highly Probable Selling Opportunity?GBP/JPYOANDA:GBPJPYSetupsfx_🔺The GBPJPY pair has fallen significantly since reaching the 219 zone and is currently trading at 212. A substantial price decline occurred following the Bank of Japan’s intervention in the market. 🔺We now identify two potential reversal points where both currencies have an equal chance of reaching one of the take-profit zones. We should wait for the price to stabilise from the Friday’s drop before considering possible entries. Three key targets are worth monitoring. 🔺The potential profit from this move is 5500 pips but it may take months or years for the setup to achieve this target. From a fundamental perspective, Bank of Japan support is necessary. If fundamental changes occur this setup is likely to become invalid and trigger a stop-loss.