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GBPJPY, 23.04.10, London Session
Bulls has made a come back since Thursday while the bears went off for a break this Lent. Higher high and higher low markings are starting to form but we are still within the bearish price action from last Tuesday to Wednesday so technically we should be predominantly bearish.
We see a good compression in today's Asian session. The breakdown of 164.50 has just begun, a clear short signal to take.
Bulls will try to protect their near-term key levels at 164, 163.50, 162.75.
We see a good compression in today's Asian session. The breakdown of 164.50 has just begun, a clear short signal to take.
Bulls will try to protect their near-term key levels at 164, 163.50, 162.75.
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