Below is GBPJPY. I am expecting a retracement for this time being. I can see a complete 5 structure of sub wave at one hour timeframe, with a bearish divergence at 30 minutes timeframe and 1 hour timeframe.
A head and shoulder pattern as well as you can see on the chart below. If this head and shoulder valid, I am expecting a correction of (A,B and C) can go lower to 126.92 which is 23.8% fibonacci retracement on the chart below.
Trade on your own risk. Happy trading.
Update: Flat. Already closed with 30 pips.