Dislikedi agree with u, price sould retest 159 then we drop from there...my bias on gj is still bullish as where the price is above 151, but i am looking for a 151 or 152 retest and possible we bounce from there...i have been selling but due to price movement on the news ,, it's good for one to take the 200pips up and down ...let see how it play next weekIgnored
8 hour chart .. if 159 is tested then this could well be a flag of sorts and a 159 hit would mean that we could see higher than 160
I am hoping that the 158 level holds ( upper tl ) and that we see a move down the 38.2 fib retracement at 153.85 and maybe even 61.8 at 150 ish .
If the channel does hold and we move down then we see 150 on or before June 12th which is next Friday
there is strong support 155 zone , that once broken will open that 150 zone.
the move down will depend on the move in gbpusd continuing as the uj is destined for 100
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