GBPJPY what is up?

On 04 June GBPJPY has been forming Bearish Divergent bar setup. The first two Divergent bar had been easily killed resulting small loss.

At the moment Bears are taking territory step by step. The last bearish Fractal from yesterday was taken today nevertheless the srtong support around 241.45. There were few signals so far and there is no signs for circumstances change.

Looking again on the upper time frame we can see confirmation of the yesterday setup. There is almost no acceleration in either direction. Momentum is still up but not strong and could easily change. We have a new lower low and a support around 240.00 level. So it seems that there is a room for some correction...