GBPJPY analysis - next Monday possible move?

h4 chart - at market close
overall market sentiment: EXTREMELY BEARISH
h4 trendline and weekly 61.80% fibo level converge at 200.00...
bears might take a short break and wait a pullback for better discounts... ;)
US market close on Monday - market might move slow...... :(

UPDATE: market opened at 196.890 (120 pips gap down)
at 7 pm, market was at 194.131 (another 270 pips downwards)
MORAL OF THE STORY: dont fight the trend... :d


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.