I use scalping strategies on this currency pairs Gbp/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 170.65 then also there are some indicators that I use as the Bollinger Bands is DOWN TREND, ADX is DOWN TREND, Stochastic is DOWN TREND.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 05:16 and use a stop loss and take profit of 50 pips
is the take profit at 170.35 and stop loss at 170.95