GBPJPY analysis - will the bears be back this week???



weekly chart as of 10 am

Decided to stay away yesterday due to Easter Monday holiday. Reviewing the weekly chart, last week's candle has closed as a bearish spinning top. This might indicates that the bull's rally might have reached a temporary top last week.

I am waiting the price to penetrate last week's low (145.72) before deciding to go short again. Otherwise, I might not trade this week.

"LESS IS MORE"

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