GBP/JPY - Trade what you see, not what you think

We've had 2 leg touches on the GBP/JPY - both seemingly at the price level of 146.340 - We're still waiting for the 3rd leg touch before we get a massive rejection as there's a lot of sellers at this time on the GBP due to instability in the UK because of the Brexit - We've had some positive news today from the UK, it's had an economic growth of 0.3% but that still doesn't guarantee us a strong economy as the country was before.

Due to this fundamental news, we can assume that the GBP will have a bit of buyers but not more than sellers, the sellers are waiting at a significant event area, the right time for the market to drop. The only requirement now is to allow the market to come to you and not chase it.