GbpJpy seems to have lost Downward momentum as we slightly broke the 78.6% fib Monthly. We are trading in a critical zone of 2 other bottoms that failed to break on the Monthly. On the 4hr I spot an inverted head and shoulders.
* Trade is active as long as no higher low is taken out and neckline breaks.
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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.