Get started
uriyaz

GBPJPY is heading to 150 and then 150.5 zone - quick play

Long
British Pound / Japanese Yen (FX:GBPJPY)  
uriyaz  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis patternfailures reversal priceaction fibonnaci lowrisk confluence GBPJPY
4
5
trendanalysis chartpattern beyondta patternfailures reversal priceaction fibonnaci lowrisk confluence gbpjpy
After the big up trend this pair formed big H&S pattern but it looks like it failed to continue down.
After It failed it actually created a bullish smaller h&s pattern .
Now It looks like this failure is driving the price up to the 150 zone and 150.5 also looks reasonable for me .
Everything is on the chart...

Best of luck:-)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.