FX:GBPJPY   British Pound / Japanese Yen
The past few days, GJ has had trouble breaking the 135.00 quarter point level. With a break of former structure, it has now retested the 50% fib level and now looking to continue selling off. Also there is a double top candle stick pattern on the daily, followed by a bearish engulfing candlestick for the previous day. ON the 4hr time frame there is another double top present and its currently testing the neckline. Also with the corona virus pandemic among us, i think it may be safe to say that investors are flocking to the yen as a safe haven. Gj has a chance of dropping to 131... level. I'm open to all feedback/opinions. What do you think?
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