FOREX DOJO TRADE # 22

There certainly seems to be significant bearish momentum on GBP/JPY which absorbing all attempts to keep the price above 130.00. Now that 131.00 has been breached it should serve as resistance on the way up. and Support lies down at 130.00. Since the price has managed to make lower lows and lower highs on the daily and 4 hour charts it seems that a down trend is being established. There is also a the factor of the 100 EMA which is providing resistance on the 30 min - daily charts. In the smaller timeframes the trend line around 131.00 should also provide an obstacle should the price try to rally.  I would prefer to to follow the trend by selling  GBP/JPY around 130.95 with my TP 130.05 and SL 131.51.