In the daily chart, we can clearly spot a potential head and shoulder pattern in making. The price has currently arrived at the neckline area of 160.00. From this level, we will watch for a breakout. If the price breaks the neckline, we will then prepare our sell entries at the neckline area to capture the retracement after a breakout.
This head and shoulder pattern is very clearly formed and a break could indicate the possbility for GBPJPY to fall and retest the area before the start of the war.
This head and shoulder pattern is very clearly formed and a break could indicate the possbility for GBPJPY to fall and retest the area before the start of the war.
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Related publications
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.