GBP/JPY will rebound or Fall
The GBP/JPY is displaying a very tricky pattern. Riding in a rising channel, we should be observant for any break at the trend line support. The last candle was a Big bearish close, could signify a bearish continuation.
Moreover looking at it from another perspective, we could spot an inverse head and shoulder pattern which might indicate the Bulls are preparing for a glorious ride to the top of the channel.
I remain neutral for now!
If you have any opinion or Idea on this pair, please do write it down in the comment section. I will be pleased!
Follow, like and comment for more Ideas. Thanks and have a safe day.
Moreover looking at it from another perspective, we could spot an inverse head and shoulder pattern which might indicate the Bulls are preparing for a glorious ride to the top of the channel.
I remain neutral for now!
If you have any opinion or Idea on this pair, please do write it down in the comment section. I will be pleased!
Follow, like and comment for more Ideas. Thanks and have a safe day.
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