Wednesday 4 June 2014

GBPJPY - Inverse H&S with Asccending Triangle

In this chart, the inverse head and shoulders hints to a continuation pattern combined along with an ascending triangle just to the right shoulder.


GBPJPY - Inverse H&S + Ascending Triangle
From the chart, with the ascending triangle, the target comes in at 175.368 with stops at 168.94 followed by the larger H&S target of 179.45.

A pending buy order at 172.1 or 171.288 could be ideal.

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