GBPJPY rebounded from supply zone around 133.000 and broke uptrend line MACD shows bearish momentum RSI below 50 price forming BAT harmonic pattern if price broken support level around 131.800 it will confirming bearish movement to pattern target at 88.6% fibo around 131.000 then to support level around 129.500
Hello i was on a buy as very high time frame we are on a reversed head and shoulder, as we broke trend line i believe we can expect a pullback to this trend line, then be aware of two things :
1 . it can be a grab of liquidity for further movement to the upside
2. The pullback doesnt re integrate the trend line and we can expect ur scenario
Thanks for your analysis and if it bounce back as i said i ll look for sells.