Is GBPJPY ready for a downward Movement?

https://www.tradingview.com/x/rvmKVjJM/
FX:GBPJPY

Hello Traders,

Tools:
- Trend
- S/R Line


If the price can move down to 142.630 daily support level then we can say bold that the price is going to form an Head and Shoulder pattern which can be called a reversal pattern and the target point will be the weekly support level 141.93 with the stop loss above the trendline. I will suggest a break to the downside and a retest of the trendline.

NB: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

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