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Larrywalks

GBPJPY is SHORT; BREAKOUT OF HEAD & SHOULDERS

Short
Livre sterling / Yen japonais (FX:GBPJPY)  
Larrywalks  
FX:GBPJPY   Livre sterling / Yen japonais
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyoutlook head_and_shoulder
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trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyoutlook head_and_shoulder
GBPJPY has broken out of a HEAD & SHOULDER structure and now we are waiting for price to retest the support that turned into a new resistance which is also the NECKLINE of the HEAD & SHOULDER structure at 166.00. After the retest price may to fall to 160.00 a distance equal to the height of the HEAD & SHOULDER structure.
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