Head & Shoulders - GJ (Daily)
Here on the Daily Chart GBP/JPY has finished the Right Shoulder of the Head & Shoulders pattern @ 183.814!
Price ended last week in a steep decline which brings my bias for GJ to be Bearish!!
-I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower.
*Price Breaking and Closing below 178.091 will validate the H&S Pattern
*Price Breaking and Closing above 183.814 will INVALIDATE the H&S Pattern
**Chart Patterns are known to fail 1/3 of the time, BE AWARE OF FALSE BREAKS!!
Price ended last week in a steep decline which brings my bias for GJ to be Bearish!!
-I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower.
*Price Breaking and Closing below 178.091 will validate the H&S Pattern
*Price Breaking and Closing above 183.814 will INVALIDATE the H&S Pattern
**Chart Patterns are known to fail 1/3 of the time, BE AWARE OF FALSE BREAKS!!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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