As it stands GBPJPY has currently formed a head and shoulders and has recently touched the neck line, personally I am going to wait on a sign of reversal, expect to see consolidation around resistance line at 137.12 if this is the case I will be looking to enter, If price doesn't consolidate I will be looking to enter on another touch of my trend line at a later date.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.