Let's the formation of Inverted H&S in H4 and wait for breakout.
If price touch buy zone ,then its a signal
If resistance breaks , be ready for long
GBPJPY in my opinion we need to wait for the proper LONG entry signal
previously 1.6775 acting as resistance than the breakout resulted the EUR/USD to aroud 1.2400 then the strong resistance become the support and expected a heavy bounce back.
At current position trend line and MAVs(200 & 350) seems to be agree for the bouncing back of GBPUSD , be ready for long (Time Frame D1)
XAU/USD is following the trend line precisely and currently has stuck between heavy MAVs of 200 and 300. if its keeps following trend line and breaks MAVs then possibly it will touch 1360.