Zen1tsu

GBPJPY Head & Shoulder Formation (Weekly)

Short
FX:GBPJPY   British Pound / Japanese Yen
Head and Shoulder pattern has been formed on GBPJPY on weekly time frame.
The price is most likely to move down from the neckline.

Things to consider:
1. Weekly Head & Shoulder formation
2. Monthly Resistance
3. Latest COT report - GBP "Neutral" & JPY "Short"

How to enter:
1. Follow the analysis that i have made
2. Locate all the important price areas
3. Entery should be taken in 4 hr timeframe

ALL THE BEST!
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