GBP/JPY clear H&S, Channel breakdown Short
British Pound/Japanese YenFXCM
Description
⋅ 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.
Nikita FX (climbingfx.jugem.jp/ )