GBPJPY is forming the head & shoulder pattern at the top, which is a bearish trend signal. According to chart pattern analysis, we might see a downturn in GBPJPY towards the support level, as shown in the chart. Short side trade can be initiated with proper risk management and stop loss.

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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.