- Inverse head & shoulders pattern.
- Sentiment: Retail trader data shows 34% of traders are net-long and 66% of trader are net-short. I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise.
https://www.dailyfx.com/gbp-jpy
- COT report
https://www.cftc.gov/dea/futures/deacmesf.htm
- Sentiment: Retail trader data shows 34% of traders are net-long and 66% of trader are net-short. I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise.
https://www.dailyfx.com/gbp-jpy
- COT report
https://www.cftc.gov/dea/futures/deacmesf.htm