Trapped Bulls on GBPJPY? H4 17-01-2017
GBPJPY on 4H is trending down nicely within a channel after a head and shoulder formation. Today's largest rally after June 2016 came after Theresa May's speech on exiting EU single market.
Unless we see a break above the minor resistance of 141.54, my outlook for the short term is downward trend.
Unless we see a break above the minor resistance of 141.54, my outlook for the short term is downward trend.
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