GBPJPY analysis - will the bears return.....???

weekly and daily at market closing

A bearish candle on the weekly chart indicates that the bears might return next week. A penetration of the daily lower trendline at the proximity of 143.00 should bring the price down to test the neckline of the possible double top pattern.

Should the price breaks the double top neckline at 139.00, the beast could dive 1,180 pips and hit 127.xx by the end of May.....

Good luck and happy trading...


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