WILL THIS STRUCTURE PLAY OUT FOR GBPJPY?

Short

British Pound / Japanese Yen (FOREXCOM:GBPJPY)

FOREXCOM:GBPJPY British Pound / Japanese Yen

trendanalysis chartpattern gbjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast

Hey traders, while analysing the intraday timeframe for GBPJPY i noticed that the price failed to make a higher high to continue with a bullish move. And finally we can see a head and shoulder pattern in 3h. This is a great signal for a further bearish move. I'll look for shorting opportunity only once the price breaks and retests on the neckline.

What is your opinion?

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