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USDJPY: Inverse Head and Shoulders on 1D. Sell opportunity.

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
InvestingScope  
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY USD jpy Forex DJ FXCM Index dollar japaneseyen yen Currencies
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trendanalysis chartpattern indicator usdjpy usd jpy forex usdollar dollar japaneseyen yen currencies
The pair has been trading on a 1D Inverse Head and Shoulders pattern (RSI = 61.316, MACD = 0.160, Highs/Lows = 0.4329). The price is now approaching the 112.140 Resistance which is a sell opportunity for us. The pressure points are clearly seen on the chart. TP = 110.800 with 110.325 as a possible extension.





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