ForexPlug
Long

USDJPY & JPY FUTURES

FX:USDJPY   U.S. Dollar/Japanese Yen
96 0 1
As you can notice both Daily Period Charts.
On the left we have JPY Futures , and on the right we have USDJPY             .

JPY Futures
1 - It has been forming Inverse H&S Pattern, which looks completed as per projection basis.
2 - Touched the 88.6% Fib Zone Resistance.
3 - Bearish Divergence Formed, indicating a weakness to develop in JPY.

USDJPY            
1- It has been forming a perfect H&S Pattern, which looks completed as per projection.
2- In the same manner has also touched 88.6% Fib Zone Support
3- Bullish Diverfence Formed, RSI oversold as well.
4- Some Hawkish tone developing from the FED, which would strengthen the DOLLAR.

We are positioned Long in USDJPY             , and see 1st Tarhet as 112 and 116 in coming days..
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