GBPJPY has given a good rally. Now at the current level, it is consolidating and forming head and shoulder patterns. According to the chart pattern, we might see a downtrend in GBPJPY after some consolidation. One can trade for downside with proper risk management and stop-loss.

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.