GBPJPY under bearish pressure, potential for reversal

Price is approaching our first resistance (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure, where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.