nikitafx
Short

GBP/JPY clear H&S, Channel breakdown

FX:GBPJPY   British Pound/Japanese Yen
180 0 3
GBP/JPY             looks like being more clear than USD/JPY             .
Its Yellow Channel btoom line, and ascending type H&S neckline 1 were broken.

therefore initial H&S target will be at 161.64. and possible deeper correction might be
coming later.

P.S: RS             ( Right Shoulder ) formation was an initial rejection of H&S breakdown.

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