Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY is Forming Head & Shoulder Pattern, which indicates that trend might get reversed from the current price level. As it is slowly forming head & shoulder pattern, we might see some consolidation before getting a big downside move in GBPJPY one can trade for the short side on GBPJPY for the longer term.
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