2025/04/17 GBP/JPY Trade Strategy

The GBP/JPY trade strategy for 2025/04/17: Sell
As it turned out yesterday, price still couldn’t get above the key level on the daily chart, so it dropped.
Today the decline is likely to continue.
Will it make a bit of a retracement before falling, or just keep going down?

Scenario A
If price gets above around 188.2, I’m looking for a short-term long.
The idea is to catch a deep retracement with a long, targeting around 188.8.

Scenario B
Looking to sell the drop after a range forms.
I see the range high around 188.2.
I’d like to be greedy and aim as far as around 186.2, but the first target is around 187.3.

Scenario C
If it breaks below, I’ll treat it as a continued decline and short a retracement on the 15-minute level.
Watch out, as around 187.3 will act as resistance.