GBPJPY Trade Head and Shoulders Retest
GBPJPY has broken the Head and Shoulders pattern and is now at key support level. If we see price retrace from this level we'll be looking to go short at fib levels 38.2, 50.0, 61.8, 78.6 and 88.6 percent. This will depend on the price action we get. 88.6 will be the lowest risk entry with the monthly zone center point as confluence and head and shoulders neckline retest..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.