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GBPJPY Potential Daily Head And Shoulders Setup | Mar 3rd

Hello Traders,

Several trade setups to start the week, but one that is interesting is the GBPJPY which may be forming a daily HS (head and shoulders pattern) with the right should potentially lining up with the channel top and dynamic resistance in the 20ema (see chart below).

Watch the intraday price action charts for signals off the level which comes in around 142.15. A break above targets 144.75 and 145 while a reversal here targets 140 and 137.90.

Kind Regards,

Chris Capre