GBPJPY LONG
Inverse Head and shoulder formation
Price action forming a buildup just under the neckline for a breakout.
Price already broke descending channel resistance, retested that level and is just finding consolidation at previous support level now acting as resistance.
A clear break and retest of the 4hr 200ma should confirm this upward movement.
Price action forming a buildup just under the neckline for a breakout.
Price already broke descending channel resistance, retested that level and is just finding consolidation at previous support level now acting as resistance.
A clear break and retest of the 4hr 200ma should confirm this upward movement.
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