Actual patterns

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Actual patterns

Inverse Head and Shoulder

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was formed on 07.05 at 10:00:08 (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 190.30 while the median line of the Neck is set at 191.31/191.24. 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 191.54.

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Inverse Head and Shoulder