USDJPY - Continuation Head and Shoulders

FX:USDJPY   U.S. Dollar / Japanese Yen
682 17 7
This pattern is not that often met on the charts, but it gives pretty nice signals. An Inverted Head and Shoulders on the rising trend means that there is a high probability for the trend to continue. A break above the pattern's neckline could trigger another rally for the US dollar             , targeting the 105.40 high or why not even go further to the full target at 106.81 (1.95% gain)
i think if today Us unemployment claims r strong enough, it will push the USD above the boundary ........ As can see now, it no longer stay inside the formation lines of the triangle d
We are very close to the break, resistance is being test right now. Thanks for the analysis !
i couldn't track whats next for the movement. It seems that BOJ been steady for 2% inflation target.
yeah..... its now going back. i think the triangular stuffs r working........
Razvan Sam0101
A little false breakout and back again
great...... tats mean it goes back n forth, back n forth, once it reaches 103.9?
Razvan Sam0101
it might! :) we just have to wait and see
As I said, a second scenario would be s symmetrical triangle. Even if it will broke the lower line be careful for a false breakout, which is commonly seen at this kind of price pattern
Very nice as always Razvan
Razvan AlexandreFF
Thank you :)!
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