GBPJPY is in a clear bearish trend, and price is just about to retest the neckline of broken head & shoulder pattern which aligned with 61.8 Fib, daily resistance zone, and mean value. Our goal is to find a short entry, with that in mind, we wait for a clear break of Counter Trend Line (CTL) for entry.
There is currently two CTL on the chart, the break of the...