GBP/JPY - more confident now about Inv. Head & Shoulder

FX:GBPJPY   British Pound / Japanese Yen
Following today's spike in GBP, I am now more confident about GBP/JPY             cross testing inverse head and shoulder neckline.

The first possibility was expressed here - GBP/JPY possible inverse head and shoulder by 15th/16th May

Pair's daily close above 158.49 (May 12 high) looks likely today and that opens doors for a ride towards neckline level seen around 162.30.

Hurdle at 161.41 (188.81-151.64) could stall the rally, although it is more likely to be taken out than not...given the falling prospects of Brexit.
Wait for a small retrace to buy or is still good to buy at current market price?
small retrace looks likely...hourly RSI is overbought now
m.pentaz TipTVFinance
Which level do you suggest? Just above May 12th high as mentioned before?
That is perfect
m.pentaz TipTVFinance
Ok, Thanks for your tips
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