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lobfxempire
Oct 13, 2020 7:11 PM

GBPJPY: Analysis *Daily POV* Short

British Pound/Japanese YenFXCM

Description

I made a post about the head and shoulder earlier last week and price rose as I expected. Price has hit a pivot point and is now going towards the bears and i think price could reach the black median line in the box below and either keep falling until the blue support level below just below the head of the head and shoulder formation or rise from the median making a new high for the month.

Comment

Price is now testing the median this will determine whether we buy or sell
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