GBPJPY analysis - uncertainty...

chart h4 - 2 pm Malaysia

Price is in stagnant phase as it has reached an important S/R zone. Market is waiting for clues for next move.

I will rather wait for a breakout of either previous high or low (140.86 and 138.90 respectively) to be sure of next direction...
5.00 pm - 138.90 broken convincingly...
my short position is already in green [-o<
my gut feeling is telling me that the rally is over
bears should come out from the jungle anytime now :o)


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