nikitafx

USD/JPY IH&S neckline False breakout ? (Nikita FX)

FX:USDJPY   U.S. Dollar/Japanese Yen
1253 0 0
I think this Yellow channel might show us a right ascending type IH&S.
IH&S LS: 87.088 (09.01/19w)
IH&S RS: 93.776 (13.06/10w)

neckline: parallel connecting line between 101.430(09.04/06w) & 109.73(14.09.29w)

If the neckline will be broken, IH&S target will be at 139.73. However if not it will
plunge down to the Yellow channel bottom at most.

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