Bottles

EUR/JPY - Possible H&S | Daily chart

FX:EURJPY   Euro Fx/Japanese Yen
Hey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart . The 200MA acts as a resistance level for the shoulders along with some structure earlier this year.
It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190's we might be looking at a drop to somewhere around the 132,500's (the D point of the butterfly ).

Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance.

Let me know what you think!
Thanks in advance and happy trading
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out