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GBPJPY Analysis April 5, 2020

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FX:GBPJPY   英鎊 / 日圓
Overall on the weekly timeframe we are bearish. But at the moment we formed a bullish engulfing two weeks ago. Last week we closed with a spinning top showing some indecision. On the H4 timeframe we are in a bullish trend. But this does not tell the whole story. We are in a downtrend on the H1 timeframe. If we get a break of the 0% level or a retest again of our red highlighted zone we will look for bearish signals to head lower
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