Mbakan

Head and shoulders fully formed USDJPY

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
As per my analysis of the usdjpy on the one hour timeframe. It has formed a full head and shoulders that has broken the neckline and has re-tested the breakout. I see the currency pair going up further for a while before it retraces. I predict it will reach the 108.333 price level.

Disclaimer: Note This analysis is purely for personal analysis purposes and it is not put here, for others to use to take as signal. It is not a signal. Whoever takes this as a signal does so at own risk. I take no responsibility for such choices made.
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