GBPJPY analysis, H&S formation on 4H
4H analysis
An inverse head and shoulder formation is noticed on the 4H timeframe.
IF a 4H candle closes above the price range then we may see bullish movement to the next area of resistance at 135
IF there is a rejection of this zone and price cannot push higher then we may see a bearish movement back to the previous swing low at 129.6
An inverse head and shoulder formation is noticed on the 4H timeframe.
IF a 4H candle closes above the price range then we may see bullish movement to the next area of resistance at 135
IF there is a rejection of this zone and price cannot push higher then we may see a bearish movement back to the previous swing low at 129.6
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