GBPJPY - Head and Shoulders, Corelation with PnF Charts = Short

Short

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

I've been short GBPJPY for a while in hopes that the H&S Pattern will fill out. Taking a look at the pair with PnF charts, we see price hitting the upper channel and triggering a sell signal. PnF gives a target of 161.785, H&S from line chart points to 163.926.

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