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Inverse Head and Shoulder
was formed on 31.12 at 18:00:23 (UTC+0)
signal strength 3 of 5
According to the chart of M30, GBPJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 195.72 while the median line of the Neck is set at 197.03/196.82. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPJPY will go towards 197.12.
Figure
Instrument
Timeframe
Trend
Signal Strength
