FX.co ★ GBPJPY M5: Head and Shoulders

The GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 193.95, the Neckline and the upward angle are at 193.69/193.69. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPJPY will go towards 193.54.