GBPJPY LONG
Inverse Head and shoulder formation
Price action forming a buildup just under the neckline for a breakout.
Price already broke descending channel resistance, retested that level and is just finding consolidation at previous support level now acting as resistance.
A clear break and retest of the 4hr 200ma should confirm this upward movement.
Price action forming a buildup just under the neckline for a breakout.
Price already broke descending channel resistance, retested that level and is just finding consolidation at previous support level now acting as resistance.
A clear break and retest of the 4hr 200ma should confirm this upward movement.
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.