GBP/JPY Downward Trend Suggested

לפני 4 שעות

Good evening, everyone. From last night through this morning, GBP/JPY showed an upward move following an inverse head-and-shoulders pattern. However, it now seems to be forming a head-and-shoulders pattern, indicating the possibility of a downward move. Although the pattern is not yet complete, making a short entry at this stage would be premature. That said, it may be worth considering a shift toward a bearish outlook.

Earlier, GBP/JPY attempted to break the lower support but rebounded off the blue channel. The key focus now is whether it will attempt another move downward. Currently, it’s a time to observe the market, but if the price breaks below the blue channel, it could trigger a short entry. Therefore, it’s crucial to keep a close watch.