GBPJPY analysis - bull trap??



chart h4 - 10 am Malaysia
bull camp is already shouting, "TREND REVERSAL!!!!"
well.... this chart suggests that yesterday upsurge is merely a retracement...
price is rejected by weekly 50% fibo level...
bearish harami candle indicates that the bears might come out from the woods...
let's see how the market will play it out...
:D

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