Possible Head and Shoulders on GBPJPY Short

British Pound/Japanese YenFXCM

Description

⋅ Mar 18, 2016 8:56 PM

Yellow resistance zone is my entry, it's coming into a .618 retracement of the head-to-neckine move. My stops will be above the .786 retracement. Targets at a 1.27 Fib Ext. of the head-to-neckline move, near the the completion of the AB=CD move.