EvanJones
Short

H&S Pattern Emerging

FX:GBPJPY   British Pound/Japanese Yen
31 0 3
GBPJPY             is in a nice Bear trend mainly driven by the brexit issue. In the coming weeks I expect some increased volatility on GBP pairs and I expect this will lead to a drop in price for this pair.

A h&S pattern has emerged on the 4HR timeframe and if obeyed would see price fall to around the 148-150 area. Place sells under the neckline and take profit at 149 to be safe.

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