GBPJPY - Widow maker - BIG Head & Shoulders

GBPJPY is building the final part of the right shoulder of a tremendous Head and Shoulders pattern, because maybe is anticipating that some kind of a melt down on the markets is coming soon... I don´t think that the virus issue is yet solved, we are many months far away from that and from returning to normal!

With Brexit problems and implications on GBP economy, plus the Pandemic effects on the medium term economy in the world + financial stress on Wall Street because of the tremendous harm that the Virus has done and yet not taken into account... maybe, just maybe, we are about to witness a really strong move on markets that is going to be RISK OFF witch means flying to safe heavens currency's like USD and especially YEN

We´ve seen this moves before, in other important economic cycles, and this chart is telling that story, i suppose that for August or maybe October we can have a possible breaking of the neckline level in 125!

Sooner then that we can have the break of the small trend correction, that is lasting 4 months now, i will make a post when the timing to enter SHORT to this market is correct.

Regards