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lobfxempire

GJ Is In A Deciding Phase...

British Pound / Japanese Yen (FX:GBPJPY)  
lobfxempire  
FX:GBPJPY   British Pound / Japanese Yen
Trend Lines Candlestick Analysis Head and Shoulders GBPJPY gbpjpyanalysis gbpjpyprediction gbpjpyforecast gj invertedheadandshoulders
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trendline candlestick headandshoulders gbpjpy gbpjpyanalysis gbpjpyprediction gbpjpyforecast gj invertedheadandshoulders
GJ has been rallying major steam for the bulls. I predict movements upwards towards a strong Weekly Key Level after the breakout of the top boundary in the 4HR Channel. Every time a reversal has occurred, its been very easy to read in this channel. I drew 2 possible scenarios for GJs upcoming price movements. For scenario 1 I see price going for a retest of the 4HR Trend Resistance. I expect some type of pullback before the bigger moves to the upside. For scenario 2 I predict price to fail the 4HR Trend Resistance retest, then form a possible double top. If that occurs i predict price drop to 136.75 first, then a possible attempt towards the lower 4HR Trend boundary. I have nothing but patience for GJ, so we will see the outcome soon. Thanks For Reading!

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