Get started
DAY_PROFITS

USD/JPY Reversal Pattern Signals Impending Trend Reversal

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
DAY_PROFITS  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USDJPY signals signal signalservice signalsprovider Forex forexsignals
10
4
trendanalysis chartpattern usdjpy signals signal signalservice signalsprovider forex forexsignals
In the latest session, the USD/JPY exhibited a bullish trend and subsequently formed a reversal pattern commonly referred to as a "Reversal Head and Shoulder." We believe that this pattern suggests an impending reversal in the price of the asset, particularly in light of the EUR's recent strength against the USD. Our forecast indicates that the last target for this trend reversal could be around 133.000.

Related Ideas

DAY_PROFITS
EUR/USD Bullish Momentum Continues - LONG
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.