GBPJPY further potential decline

21 เม.ย. 2018

It is important to look out for the next few hourly candle closes. Should next candle be bullish, we may see a short-term upside movement and potentially form and complete a H&S pattern.

If price continues its downward decline, look out for the 4 Hourly 50% and 61.8% fib. retracement levels as stated in the chart.

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28 เม.ย. 2018

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Price has failed to break to the upside out of the wedge pattern and broken downside instead.

Longer-term trendline has also been broken. A bounce may occur before further downside momentum.