GBPJPY Trade Head and Shoulders Retest

GBPJPY has broken the Head and Shoulders pattern and is now at key support level. If we see price retrace from this level we'll be looking to go short at fib levels 38.2, 50.0, 61.8, 78.6 and 88.6 percent. This will depend on the price action we get. 88.6 will be the lowest risk entry with the monthly zone center point as confluence and head and shoulders neckline retest..