GBPJPY analysis - possibility of 500 pips free fall??

chart h1 - 7 am Malaysia
another bearish flag???
to be confirmed with lower trendline penetration...
possible TP: 170.xx
good luck....

UPDATE: by 2.15 pm, price penetrated the trendline
decided to banked-in 200 pips at 3.30 pm...
will wait for another set-up
price hit 169.00 at 12 am



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