Approach to "Head and Shoulder Pattern" at 148.000

GBPJPY- Continuation of weekly consolidation between pound and yen without any major moves. Therefore the focus still on a daily close above 153.500 or daily close below 148.000 to confirm "Daily Head & Shoulder"pattern.

Signal Preference- Sell when market open and target 151.000 and open another order on a daily close below 151.000 target 150.000

All TP hit.

Trade geschlossen: Ziel wurde erreicht:

"Head & Shoulder Pattern" approaching strong support at 148.000 (Neckline level)