2019 outlook on GBPJPY(first quarter)
Price is currently at a major level of res. on daily, we also have a rejection of this level which coordinates with the .618 fibs
price then forms 2 head and shoulder rev. patterns on 4H, price broke and is currently retesting H/S neckline
IF price breaks and closes below 142.700 then i analyze that it would continue the downtrend and break below 134.300 over the next few months
price then forms 2 head and shoulder rev. patterns on 4H, price broke and is currently retesting H/S neckline
IF price breaks and closes below 142.700 then i analyze that it would continue the downtrend and break below 134.300 over the next few months