Possible Head and Shoulders on GBPJPY
The price action of the GBPJPY could be developing a Head and Shoulders pattern following the release of the latest unemployment data in the UK.
A decisive breakdown below the neckline of the pattern at 155.370, which is underpinned by the 200-day MA (in orange), would confirm this.
The major target for such a new downtrend would be the previous swing low at 153.200
A decisive breakdown below the neckline of the pattern at 155.370, which is underpinned by the 200-day MA (in orange), would confirm this.
The major target for such a new downtrend would be the previous swing low at 153.200
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.