GBPJPY Inverse Head & Shoulders Set-Up

GBPJPY has formed the Bullish Reversal Pattern, Inverse Head & Shoulders!

Price has broken up above the Down-sloping Neckline to confirm the pattern.

Once the Break is Validated by retesting the Neckline and is Supported, the pattern could deliver a good buying opportunity around the 188.5 area to take up to the February Resistance Level and potentially further!

Fundamentally,
GBP has GDP on Thursday

**Beware of False Break creating a Bearish Trap. Watch for adequate Bullish Volume to Follow the Break and the Retest suggesting Bulls are interested!