nikitafx
Short

USD/JPY H&S target: 98.60 ( Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
329 0 2
USD/JPY             is now progressing with H&S breakdown which target is 98.60.
It is the first breakdown signal since 100.75.
USD/JPY             is now below the blue parallel channel bottom line. Therefore it
may retrace up to the blue parallel channel bottom line (101.87). If it will
break through the line, I think it will reach LS & RS             line (103.05) again.
If not, it will plunge into 98.60 area.

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