TradingView
AshleyB95
Aug 24, 2017 10:15 PM

USDJPY on the up again - Inverted Head and Shoulders Pattern? Long

U.S. Dollar/Japanese YenFXCM

Description

Few key areas marked out here on this pair. Possible Inverted Head and Shoulders pattern here with just the rest of the right shoulder to form. Stops relatively tight if we get in on this soon. I would wait for a break out of the consolidation red box I have marked as there seems to be some indecision.

First target would be between the 0.50 and 61.8 fib levels and then look for a pull back and possibly re enter on the push back up to the 114.00 level?

More