GBPJPY, 23.04.17, Asian Session
Bulls protected 165.30 last Friday and managed to push back beyond 166.00 but eventually closed flat at 166.00.
The bearish head and shoulders pattern seem to be intact. Neckline remains at 165.30 with initial support at 164.75 and an eventual target of 164.30. Be wary of whipsaws as this is most common.
The bearish head and shoulders pattern seem to be intact. Neckline remains at 165.30 with initial support at 164.75 and an eventual target of 164.30. Be wary of whipsaws as this is most common.
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