ThomasDevenport

GBPJPY - SHORT - Head & Shoulders

Short
FX:GBPJPY   British Pound / Japanese Yen
Clear formation of multiple H&S patterns on GBPJPY
Price has retraced off 61.8% fib level and has broken out below the double neckline area and has formed a small re-test and looking to come back down
Targeting previous low to the left where we can see a potential larger H&S pattern forming with the Left shoulder and Head top already in place
4H 200 MA also sits at neckline providing further target confirmation