GBPJPY 08/25/2017

27 Ogo 20178/25/2017: The weekly close print a nice HAMMER that tested and reject key support of 140. We have not broken this support level in four months. We could possibly see a retracement to 142 based on this price action. On the Daily we are seeing a Morning Star Pattern indicating we will continue with the retracement. We also see a counter trend line break. Predicting a retest of 142 this week before making a decision of if we are going bullish or bearish on this pair