H&S in GBPJPY

We have IH&S in GBPJPY

Trade with care and good luck every one:)

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Previous IH&S from the bottom of the channel sent the pair to the top of the channel

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a second try to finished yesterday's job

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on the way up
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found support on the neckline, 200 EMA and 0.5 fib retracement

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first target reached

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Still facing the target. There was a resistance at 38.2 fib level and 200 EMA, that sent us back to the neckline and 23.6 fib level where we found support.

Comment:

Target reached and a new bigger H&S have been formed
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The new targets are:
151,770
153,860

The touch of the neckline and the 200 EMA will be a nice entry point

Trade with care and good luck everyone:)