GBPJYP trend reversal soon?GBP/JPYOANDA:GBPJPYCrazyTrades247After a sustained up-move, GBPJPY seems to be taking a halt at the top of the rally & forming a head and shoulder formation, which is a bearish trend reversal pattern. These patterns are most effective especially when they are preceded by a good rally, which is really the situation in our case. H&S Levels. The neckline of the pattern is at 216.36 and the highest point on the Right shoulder is at 217.41, top most point on the pattern is at 218.01 and the distance between head & the neckline is essentially our target projection on the downward direction after the breakout. Trade I am looking forward to: we can wait for the breakout of 216.36 and then create a short entry with SL of 217.410 for the target of 214.7 summary: Wait for the breakout of the neckline for fresh sell entry. Wait for the clean breakout before taking fresh entries. For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures. Regards CrazyTrades247.