USDJPY Head and Shoulders Reversal.

FX:USDJPY   U.S. Dollar / Japanese Yen
This pair is one of my favorites right now with it's textbook H&S pattern showing the huge potential for price reversal.
USDJPY             has been climbing up about 5,000 pips since the low of 2011. A full break below the neckline at 116 could be the beginning of a 1,000 pip move down towards our objective of 106.

Looking for opportunity to SELL.
nice find. I will keep an eye on this.
+1 Reply
SubTh3ory zalgbox
Oh yes, this one should be interesting!
Exactly! The Daily setup worked fantastic. It moved nicely. On the weekly, I see similar setup, as I saw on daily. Not yet here, but when done, the selloff would be massive.
+1 Reply
SubTh3ory moorekapital
Absolutely, I'm really excited to see this one play out in the coming weeks!
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