GBPJPY analysis - Week March 9th outlook - I could smell bears are coming......

weekly and h4 charts at market closing

Price failed to break last week's high. Meanwhile a possible bearish flag or pennant is forming on the weekly chart.

Should the beast breaks the lower trendline and the support on the h4 chart (136.50 and 135.50 respectively), the bears might come in again and push the beast down to 119.xx again. Enjoy the chart below...

Just be patient and wait for confirmation. Good luck and happy trading... .


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