GBPJPY - Impulse wave after the correction is broken....

FX:GBPJPY   British Pound / Japanese Yen
This pair has formed a nice head and shoulder pattern on the hourly chart. A break and re test of the neckline would initiate a short position for us. Simple pattern which can lead to a great R:R trade. The right shoulders rejection at the 61.8 fib retracement gives us our bearish mentality along with other additional factors.
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