GBPJPY is Sideways Down. The market shows short term peaking action, driving initial topping selloffs to test 153.87 retracement support. A close under 153.87 alerts for a larger top/downturn and projects selloffs to 151.95. Trade may try to bounce off 153.87 and consolidate declines inside Wednesday’s range. Only a close over 155.92 (SAR) rekindles bull trend forces.