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DennisDims
May 1, 2022 8:26 PM

GBPJPY HEAD AND SHOULDER FORMATION Short

OANDA:GBPJPY240
GBP/JPYOANDA

Description

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GBPJPY has formed an amazing h&s pattern with the neckline at the 50% Fibonacci level.

A break below 162.200 should resume the bearish trend with the first target at 157.7, followed by 154.8

Key Levels:

  • 166.3


  • 160.5


  • 157.7


  • 154.8

Trade closed: target reached

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Support and ResistanceFibonacciHead and ShouldersForexsignalsreversalsupportandresitance
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