GBPJPY"inverted head and shoulder"
GBPJPY has been in a stealth move up showing uptrend on the daily chart.
Inverted Head and Shoulder with an upward sloping neckline is an indication of a bull run. Yesterdays daily close gave us a doji and an inside bar. A break above the high of the inside bar should result in a momentum to the upside.
First objective will be 139.700
second objective will be 141.92
Disclaimer; this is not a trade recomendation... It is however for educational purpose. Trade according to your own risk management and trade execution plan
Inverted Head and Shoulder with an upward sloping neckline is an indication of a bull run. Yesterdays daily close gave us a doji and an inside bar. A break above the high of the inside bar should result in a momentum to the upside.
First objective will be 139.700
second objective will be 141.92
Disclaimer; this is not a trade recomendation... It is however for educational purpose. Trade according to your own risk management and trade execution plan
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