GBPJPY looks to be rejecting the upper boundaries of the channel and in the last few weeks has formed a head and shoulders pattern. I have annotated this on the chart.
We are currently rejecting 141.00 and forming the right shoulder. There is signs of intraday rejections in this zone.
I have TP's set at the "neckline" at 139.500 and then a TP2 at 138.00 which is calculated using price forecasting.
l think it will go higher crossing the middle top as u.are.thinking it's triple top. but because it will go higher, it is a double bottom for me so I think the price will go up further much. NATTY
randyg47
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its a 4hr triple top bro , nice chart GJ is one of me favourite trading pair 👌.
seriousProfile23735
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this is not head and shoulders this is triple top may be price goes down
UnknownUnicorn7386614
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😁
mkahakon
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no it's not head and shoulders it can be double bottom by max.
DOAFK
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@mkahakon, Thank you for your opinion, I still believe at the time of posting this that it was/is a head and shoulders pattern. And GBPJPY has the potential to drop from here