FX.co ★ #PEP M5: Head and Shoulders

The #PEP M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 160.12, the Neckline and the upward angle are at 154.96/155.78. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #PEP will go towards 155.63.