I'm saying, that GBPJPY is in trouble - having pumped north like nobody's business. The technical picture on the weekly is troubled. That means there is opportunity for all traders (long or short) on lower time frames. I'll say no more here. Have a look. And - if you think differently, give to the community your reasoned assessment. It is in giving that we receive. Let's not do the FB thing where you just 'feel' it's gonna go north or south. Thank you.
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Is this a massive head and shoulders forming (right shoulder incomplete)? I'd like to know what others think.
i agree with you that price is now reached a supply zone & previously in Oct & Nov 18 price was rejected here.Also there is a bearish divergence on 4H using RSI signaling the bullish momentum is coming to an end with sellers now entering this market. If price does reverse , it will be interesting to see if it finds SUPPORT anywhere between 147.34 & 145.60 zone so the bullish momentum continues.