Hey guys,
GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside.
On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction.
Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows.
Thank you!
GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside.
On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction.
Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows.
Thank you!