Fox_25
Long

Long USDJPY idea!

FX:USDJPY   U.S. Dollar / Japanese Yen
130 0 6
USDJPY             is showing a HEAD & SHOULDERS pattern on the MONTHLY chart. my idea is supported by breaking the swing high in 2007 where the price reached 124.00 and droped drametically to 75.75$. In 2015 the 124.00 was broken and all the supply was taken out where the price reached 125.860. in my opinion this is a bullish sign! and now the price is retracing to the 0.382 level. i would go long after seeing a bull candle on the Daily chart with stop loss below the bull candle targeting 124.00 as my first target and much higher targets as price moves up and the harmonic patterns that will occur.
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