GBPJPY analysis - the beast is diving....



chart h4 - 4.36 am Malaysia
cup and handle pattern is in play...
see my previous post here...
false hammer candlestick indicates bears are in control...
get in sell position early due to prior price action at smaller TFs...
now +70... safe already... #:-S
immediate TP:136.30 (sorry guys,my new immediate TP now is 134.00) :">
long term TP:115.xx :D

UPDATE: stopped out in profit as price retraced upward
as of 3 pm, price went up to 141.45

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