Head and Shoulders in GBP/JPY: Timing Your Next Move?

The GBP/JPY currency pair exhibiting a head and shoulders pattern suggests a potential reversal from bullish to bearish momentum. If you're waiting for the price to confirm this pattern, it's crucial to identify key levels of support and resistance, as well as possible entry and exit points.

You can either short now or wait for a potential retest around 194.3; the original target remains unchanged as indicated in my earlier chart. Good luck!