The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPJPY M5: Head and Shoulders
Signal strength 1 of 5
GBPJPY M5: Head and Shoulders
The GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 155.34, the Neckline and the upward angle are at 155.06/155.07. 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 154.92.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade