Main Quotes Calendar Forum
flag

FX.co ★ GBP/JPY head and shoulders and Long opportunity July 4 , 2011

parent
Forex Analysis:::2011-07-04T13:49:01

GBP/JPY head and shoulders and Long opportunity July 4 , 2011

GBP/JPY head and shoulders and Long opportunity July 4 , 2011

As we see , there's apparent rejection of the Fibonacci level 61.8% to be broken.

Now it's expected to see a bullish move to come next.

GBP/JPY head and shoulders and Long opportunity July 4 , 2011

4H chart , there's a broken bearish channel and successfuly retested.

Also there's a Head & Shoulder pattern with broken neck line targetting 131.30.

Based on the analysis:

There's an opportunity to go long at the live price with TP at 130.60 then 131.20.

SL should be placed below 128.20.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...