What do you guys think?
Scenario 1: retraces back towards 20 EMA and goes back to 142.00 on the Fibonacci expansion tool and with bullish stimulus of Brexit deal which is beneficial to sterling.
Scenario 2: retraces back down maybe form a head & shoulders pattern and retrace back to previous support line of 137.100. Also there’s is a strong bearish pin-bar on the 4 hour chart too and bearish outlook on RSI and stochastic and a bearish divergence.(I believe in 2)
GBPJPY
Scenario 1: retraces back towards 20 EMA and goes back to 142.00 on the Fibonacci expansion tool and with bullish stimulus of Brexit deal which is beneficial to sterling.
Scenario 2: retraces back down maybe form a head & shoulders pattern and retrace back to previous support line of 137.100. Also there’s is a strong bearish pin-bar on the 4 hour chart too and bearish outlook on RSI and stochastic and a bearish divergence.(I believe in 2)
GBPJPY