GBP/JPY will rebound or Fall

The GBP/JPY is displaying a very tricky pattern. Riding in a rising channel, we should be observant for any break at the trend line support. The last candle was a Big bearish close, could signify a bearish continuation.

Moreover looking at it from another perspective, we could spot an inverse head and shoulder pattern which might indicate the Bulls are preparing for a glorious ride to the top of the channel.

I remain neutral for now!

If you have any opinion or Idea on this pair, please do write it down in the comment section. I will be pleased!

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