I believe GBPJPY is creating a H&S pattern on the daily time frame. I am expecting the next move up to be the final creation of the right shoulder. My target zone is the 50% retracement from the big move down on the Fib tool. There is JPY news this week so this may be the catalyst that moves the pair to the upside temporarily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.