GBPJPY likely move down

Zoom out chart. Retracement to 61.8% fib. Looks like a good retracement trade as prices likely to go south to touch the lower channel. Both moving averages are sloping down. See zoom-in chart below.
This zoom-in daily chart showns prices are hovering around the 150ma which acts as a resistence to any upward movement. Prices have been bounded by the upward sloping channel shown by the parallel red lines. At this stage, prices have a higher probability to be knock back down to the lower channel. Also note the green pin bar 11 days ago. It shows bearish tendency.