GBPJPY analysis - next week Feb 9th outlook

h4 chart at market close

After a quick eyeballing on the daily chart, it is too early to conclude that the bulls has taken control of the market. Last week price action was quite erratic due to several important news announcements.

Now the price is now rests at 136.00 resistance zone. A break upwards should push the beast up to 141.00 region, meanwhile a bounce downwards should bring down the price to 131.00 area.

Next week trading should be an EXCITING one. Now, go and enjoy your weekend. >:)


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