The GBPJPY status : Overbought. Thus, the market is showing a bear downturn and potential for a selling wave to 156.58 as well as potential to 156.22. A drop through 156.58 will foster continuation selloffs today. Any congestion under yesterday’s range high will keep the market setup in a bear flag. Trade must post a close over 158.06 to reverse out of the current downturn.