GBP/JPY rode a stellar topside trend through the first five months of this year, eventually finding some resistance in late-May. That led to a pullback that lasted through the first half of July but, more recently, GBP/JPY is threatening to reverse back into the bullish trend.
On this four-hour chart is an inverse head and shoulders pattern with a neckline right around the 153.50 area.
On this four-hour chart is an inverse head and shoulders pattern with a neckline right around the 153.50 area.
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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.