GBPJPY analysis - long legged doji

chart h4 as of 3.15 am Malaysia

A long legged doji has formed on the H4 chart. In spite of all the excitement and volatility during London session, market is uncertain of the next direction; which also might indicates the early sign of bulls exhaustion.

Based on smaller time-frame price action, I went short at 146.58 with SL placed at 147.24 (a 66 pips risk), in case I am wrong.


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