In our GBPJPY analysis, we are observing a potential short-term buying opportunity on the 1-hourly chart. Here are the details:
1. Setup: Bullish Inverse Head and Shoulders Pattern
2. Timeframe: 1-Hourly Chart
3. Key Levels:
- Entry Point: Trendline retest (Blue)
- Caution: A close below the right shoulder would invalidate the setup.
This setup presents a...