Looks bullish on the monthly chart. Could pump to 1.36 again!
Looks like it can drop to 99 at the bottom of the channel off this weekly bearish divergence!
If this head and shoulders gets broken off the neckline it can drop to 6k levels again! Bearish divergence on the 4 hour chart too so I think it can drop
can drop all the way to 1.2 if it stays bearish over the course of the year and next! May have topped out now.
If bulls cant take it above 2350 then huge downward push can form to bottom of channel.
Could pump to 98 if this weekly is still bullish after last resistance
Looks like its at top of channel and about to break down soon to downside to bottom of channel.
If GBPJPY struggles to get back to 153.7 then we could see the bearish 1 hour channel again to 152.
Could break down to bottom of channel if head and shoulders breaks!
Short to 1990 region with small pullback up then drop lower im thinking to complete the major head and shoulders.
If it breaks below 28k we could see the breakdown pattern of the head and shoulders down to 20k!
Looks like it is topped out and looking for a good entry for sell setup to bottom of channel .