Today I decided to buy GBPJPY with RR 1:1. Currently GBPJPY is above MA 200, indicating a general bullish trend. However, the price is currently retracement or correcting down from the resistance level. The price has formed higher highs and higher lows, supporting the uptrend. However, the price is currently approaching the support area. If the support holds, there is a potential for an upward rebound.