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MikulovicFOREX

GBPJPY: Head & Shoulders

Short
British Pound / Japanese Yen (FX:GBPJPY)  
MikulovicFOREX  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Technical Indicators Trend Analysis Relative Strength Index (RSI) Divergence hns GBPJPY Chart patterns pesavento
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chartpattern indicator trendanalysis relativestrengthindex divergence hns gbpjpy chartpatterns pesavento
H&S pattern now appearing on this chart at a 161.8% Fibonacci extension coming from the Gartley pattern and the last post shared on this pair. Make sure to check out the related idea to see this idea.

RSI regular divergences can also be spotted. Break of the support neckline indicates a shift in momentum. If price break and re-test the neckline I will add more shorts. Targets are plotted on the chart.

Good luck to all trading GBP/JPY

Related Ideas

MikulovicFOREX
GBPJPY: Gartley pattern
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