GBPJPY

Bias: BULLISH
Here's why,

- 4H TF Double Top forming @ 162.650
- I predict price will pull back from 162.650 to 161.390, which is 50% FIBS level
- Once price hits 161.390 and pulls back, we will have an inverted head shoulder pattern on the 4H and 1H TF confirming bullish movement to upside
- After the retest of 161.390, my bias is bullish to DS level at 163.700
- If price doesn't pull back to 50% FIBS level, I would like price to break 162.650, then retest and continue to DS @ 163.700


I am not a trading GURU. Just my analysis!

Feedback is greatly appreciated!

Happy Trading!