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FX.co ★ GBPJPY M5: Head and Shoulders

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Technical Analysis Patterns

2021-03-17T10:15:13
Signal strength 1 of 5

GBPJPY M5: Head and Shoulders

Head and ShouldersThe technical pattern called Head and Shoulders has appeared on the chart of GBPJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 151.49/151.55 after the right shoulder has been formed. So, the trend is set to change with the price heading for 151.40.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GBPJPY