NZDJPY | Potential Head & Shoulder

NZDJPY | Potential Head & Shoulder

NZDJPY is creating a potential Head & Shoulders pattern.

Price is moving up and down like in many NZD pairs.

it seems that the market wants to anticipate the next movement related to Japan
GDP data on WEDNESDAY, MAY 17.

From a technical perspective the price is creating the right shoulder of the pattern
and the expectations for higher numbers on GDP may help NZDJPY to move down again.

Details on the chart!

Thank you and Good LucK!