As we can see that GBPJPY was respecting a trendline then it made a head and shoulder pattern and then broke the neckline but reversed back into the trendline and also above the support zone by forming a bullish engulfing candle.
Potentially it can be a trap.
so we can look for buying opportunities once we see some sort of Bullish confirmation.
Potentially it can be a trap.
so we can look for buying opportunities once we see some sort of Bullish confirmation.