My thoughts on this pair? Most short term traders are shorting GBPJPY and the contracts are worth a fortune. The 1HR chart is screaming SELL!! at the moment,same as the 4HR chart. Market makers are happy, everyone is buying the idea of a bearish market tomorrow but not me! I'm looking out for a W formation towards the middle or close of London tomorrow. This will be the beginning of a bullish move that will wipe off all sellers when they least expected it. Will GBPJPY buy heavy during the remaining part of the week? Let us see.