Head & Shoulders - GJ (Daily)

١٥ أكتوبر ٢٠٢٣

Here on the Daily Chart GBP/JPY has finished the Right Shoulder of the Head & Shoulders pattern @ 183.814!

Price ended last week in a steep decline which brings my bias for GJ to be Bearish!!

-I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower.

*Price Breaking and Closing below 178.091 will validate the H&S Pattern
*Price Breaking and Closing above 183.814 will INVALIDATE the H&S Pattern
**Chart Patterns are known to fail 1/3 of the time, BE AWARE OF FALSE BREAKS!!