Possible Head and Shoulders pattern forming on the 4hr... Short

British Pound/Japanese YenFXCM

Description

⋅ Jul 31, 2015 1:59 PM

Bearish h&s with price also struggling to pierce resistance at around 194 (which is also a psychological price area). Confirmation of the h&s pattern will be once it breaks through the support area at around 193.30.

Overall target will be 191.80