From a much higher TF price still have the bullish momentum hence the original bullish bias but while waiting if a clear entry is given to short the pair before going with the bulls,we strike
That being said hence the double bias analysis on the chart
Remember the trend is your friend
Beyond Technical AnalysisChart PatternsGBPGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpylonggbpjpy_outlookgbpjpypredictiongbpjpyshortjpyTrend Analysis

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