GBPJPY finishing up a head and shoulders pattern with a nice red candle. Based on necktie height and structure, price could drive down to the next support line. This would mean a breakout from current ascending triangle.
Skeptical as to whether this is a true breakout, will wait for a retracement to resistance and see how price behaves. If price respects new resistance I'll be going short.
Skeptical as to whether this is a true breakout, will wait for a retracement to resistance and see how price behaves. If price respects new resistance I'll be going short.
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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.