GBPJPY

As i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ...
This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000

THIS WEEK...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...

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*This information is not a Financial Advice.