GBP/JPY - possible inverse head and shoulder by 15/16th May
Too early to call this, but...
- Recovery in USD/JPY may be seen as talk of Q2 economic rebound and rhetoric from Fed officials indicates possibility of rate hike in June.
- Furthermore, GBP/USD could see a minor corrective rally before moving higher again..as long as Brexit vote does not gain pace.
- Traders should keep an eye on a dip below left shoulder level of 155.00 as that could signal further losses.
