Posted on

GBPJPY- Pound/Yen – Fakey setup within head and shoulders pattern

Similar to the UsdJpy, GbpJpy is setting up for a breakout attempt.  Head and shoulder pattern on daily chart, GbpJpy formed a fakey setup on the daily graph, resistance (neckline) at 162.50, and support for this week at 160.00.  See chart for buy entry point and stop loss

To access this post, you must purchase Bamboo Monthly Forex.