Get started
Technician

USDJPY: Inverse head and shoulder about to complete

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Technician Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Head and Shoulders
40
8
headandshoulders
Looks like the USD is reversing direction at least in the short term(days).

A trading setup present it self and Head and shoulders bottom about to complete. If we close above the neckline at 108.50 today, target of pattern point to 110.30.

Trade with care
Tech
Comment:
Price closed above neckline. Next near term resistance at 109.00, then 109.70.

Related Ideas

Technician
AUDUSD: Double Top Completed
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.