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JasonFosterII

GBPJPY Trend Continuation Week of March 18th

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
JasonFosterII  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gj Inverse Head and Shoulders pennantpattern 4h Bullish Patterns 1h trendtrading
2
0
trendanalysis chartpattern gbpjpy gj inverseheadandshoulders pennantpattern 4h bullish 1h trendtrading
W=Bullish.
D=Bearish.
4H=Bullish.

Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term gains. Daily will shift back to bullish structure.

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