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USDJPY: Not a Classic Head & Shoulder Pattern - Short

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY: Not a Classic Head & Shoulder Pattern - Short

Price created an ugly version of a H&SH pattern as it should not be labeled
in this way.

However, this ugly pattern is showing us that the chances are very high that the price may
move down soon and we may see JPY gain strength in the coming hours or days.

JPY was also the strongest currency for today and the bearish movement may continue.


Thank you and Good Luck!

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