Get started
Larrywalks

GBPJPY is SHORT; BREAKOUT OF HEAD & SHOULDERS

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Larrywalks  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyoutlook head_and_shoulder
2
3
trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyoutlook head_and_shoulder
GBPJPY has broken out of a HEAD & SHOULDER structure and now we are waiting for price to retest the support that turned into a new resistance which is also the NECKLINE of the HEAD & SHOULDER structure at 166.00. After the retest price may to fall to 160.00 a distance equal to the height of the HEAD & SHOULDER structure.
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.