GBPJPY analysis - post-market preview...



market close - 5 am Malaysia
daily chart -hammer candlestick??
  • price upsurged during last hours in thin volume trading...
  • retracement or profit-taking activities or stop hunting...?? :-?
  • still needs further confirmation...
h4 chart
bulls will have to penetrate either resistance @193.60 or the yellow trendline...
however, the red trendline @191.00 needs to be broken first...
otherwise, bears still in control... 
B-)

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