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Long

GBP/JPY - LONG (Updated) Possible Head & Shoulders

FX:GBPJPY   British Pound/Japanese Yen
It appears that GBP/JPY             is forming a Possible Head and Shoulders Pattern on the 4 Hour Chart, it dropped 200+ Pips on Wednesday without violating the "Head" but going slightly lower than the left shoulder.

NFP is Today, Trade with Caution.

***Sometimes it's best to avoid Trading the News all together, especially if you are New to trading.

***NOTE: Of course there's no 100% with trading, anything can happen....they may continue to drop....all we can really do is place positions based on multiple confluences, trade with the HIGHEST Probability of going in our projected direction. Don't over Leverage your accounts people....there is ALWAYS another day to trade.

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