OANDA:GBPJPY   British Pound / Japanese Yen
As a wise jew once said you can lead a ''horse'' to the bowl but you cant make it drink. My analysis is self explanatory and gives way to 3 possible high probability scenarios this week. We could see a classic double top then to the downside, We could open bullish and forget about ever touching 136 for a while. Or we could continue past the 50 MA with a daily close below that on the circled points before the double top would give me enough confluence for a overbought market and a possible short further. Now when i say you can lead the horse to the bowl that doesnt mean you cant make a riddle down the way. And so be the analysis of course i have used other indicators... RSI , BB & Stochs. Do your own analysis as well anything could happen.


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