My technical analysis onGBPJPY
Trend is still BULLISH. However price has done a lower low following the break n close below 150.00. Looking at how yesterday (14 February) candle closed Im predicting that prices will rise from here. With the lower low Im not forecasting a higher high when prices rise Im looking for a lower high at 152.50 also the fib50%, then a continued decline.
Price lined up a Inverse head n shoulder pattern. A break and close above 150.00 will trigger my long entry up to 150.022 with 148.860 as my target