GBPJPY Top Down Analysis

140
Daily- Indecision Candle (Doji).

4H- Downtrend. Pullback to 88.6% Fib. Hidden Bearish Divergence. Possible M Pattern seen more clearly on line chart.

1H- Bearish Divergence. Head and Shoulder.

30m- Bearish Divergence.

15m- Bearish Divergence.

Expecting Head and Shoulders/Bearish Divergence to play out and reach 149.588.

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