GBPJPY analysis - bearish???

The bears look strong and trying to push the price back into the war zone. All this while, I doubted the validity of the inverse header & shoulder pattern as the upwards thrust after breaking the 142.00 resistance lacked the required momentum.

Should the pair close below 138.20, the weekly candle would closed as a shooting star; and next week should be a bearish week. However, the bears still have to be break 136.00 in order to gain full control of market.

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8 pm Malaysia


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