GBPJPY analysis - lower trendline penetrated again....



weekly and h4 charts as of 12.30 pm Malaysia

The bears are really persisting; making another attempt to close below the H4 lower trendline.

The bulls' last line of defense is at the previous low 140.5xx. Should this last of defense falls, then the bears would keep on marching to the south...
UPDATE:
8.00 pm - the bears are gaining ground now....
will the US market agrees??
let us see....
10.00 pm - good US data results pushed the beast up
at least, I am out in green
enough for the week...
see you next week...

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