UsdJpy possible scenario 4H 'Inverse head and shoulder pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
41 6 1
Update on yesterdays analysis.
UsdJpy             got a inverse head and shoulder pattern on the 4H timeframe.

So this could be an interesting week.
124.10 - 124.60 is now a major battleground, bring the popcorn.
Good Analysis! Thx
here is my longterm view...:
Pair with bullish FLAG

Norsefx PRO MaryJane
we got the same toughts on the dollar long term i see. i got 128 and 135 as longer term targets.
Y€$ - the widge got triggered and bought! This pushed the pair to its last high @ 124.42. From reaching this high a chealthy consolidation started, the pullback stopped @ 38,2 fibo - the minimal correction level!
This consolidation is forming a bullish flag (blue). The buying signal is active when the pair is traded above 123,9 / 124,45. I see potential on the upside.
On the downside, the level between sma 200& ema 200 should be a strong support.
Prices below this level will turn the chart into bearish (middleterm)
former analysis:
Will the support <a href="/u/121/" target="_blank">@121</a>,5 hold and the bullish wedge be triggered?

Will the support @ 121,5 hold and the bullish wedge be triggered and bought?
If yes, then the shortterm target @ the upper side will be the upper edge of the longterm uptrend @ 129,5.
If the strong support @ 121,5 does not hold, a fast drop till target @ EMA200 @ 118 could appear.
Below the EMA 200 a drop till the longtermtrend @ 113,6 could be exspected.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Norsefx PRO MaryJane
See my analysis from yesterday at this pair. Very similar to yours.
USDJPY Rejection at daily trendline.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out