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British Pound / Japanese Yen
Short

GBPJPY is SHORT; BREAKOUT OF HEAD & SHOULDERS

By Larrywalks
GBPJPY has broken out of a HEAD & SHOULDER structure and now we are waiting for price to retest the support that turned into a new resistance which is also the NECKLINE of the HEAD & SHOULDER structure at 166.00. After the retest price may to fall to 160.00 a distance equal to the height of the HEAD & SHOULDER structure.
Chart PatternsGBPJPYgbpjpyanalysisgbpjpyoutlookgbpjpyshorthead_and_shoulderTrend Analysis
Larrywalks
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