FX:GBPJPY   British Pound / Japanese Yen
2
-GJ is forming an inverse head and shoulders pattern on the 4H chart.
- "head" touched Daily trend line and was rejected
- Right shoulder is currently sitting on 61% fib level of the bearish move to the head, if it rejects here I will enter a long position.
- The right shoulder is also sitting on a previous trendline
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.