USDJPY, Major Head-Shoulder-Formation, Completion And Objection!

Hello,

Welcome to this analysis about USDJPY and the 2-hour timeframe perspective. USDJPY as I discovered in recent times is developing decisive structures that will determine the upcoming destinies in a significant manner. Therefore I detected all the important levels, upcoming determinations, and validations we should consider with USDJPY in this timeframe perspective. For now, there is the possibility for a certain trade opportunity especially when the main formation completes here.

As when looking at my chart we can watch there how USDJPY is forming this main head-and-shoulder-formation in the structure marked with the neckline in blue. The left shoulder and the head of this formation are almost already completed and now USDJPY is about to complete the right shoulder of the formation which will finalize the whole formation, this finalization happens when USDJPY breaks out below the neckline in a bearish manner as it is marked in my chart. Such a breakout below the neckline will activate further bearish pressure continuation to the downside and USDJPY will appoint the dynamic-target-zone marked in my chart in blue. It is likely that this target-zone will be reached in the schedule and accelerates more when USDJPY increases strongly bearishly below the neckline. This whole structure development can be traded either aggressively with an immediate entry or conservative with an entry after confirmation, although the aggressive entry is also possible the conservative one will be much smarter and should be preferred, traders should decide according to individual risk preferences. Once the target-zone has been reached the situation needs to be elevated anew.

In this manner, thank you for watching my update-analysis about USDJPY and the main head-shoulder-formation development likely to complete in the near future and the upcoming alignments once it is confirmed, great when you support it with a like and follow or comment for more market insight!

Information provided is only educational and should not be used to take action in the market.

Comment:

ANALYSIS UPDATE: USDJPY completed the main bearish head-shoulder formation with the breakout below the neckline to accelerate the bearish trend dynamics.

USDJPY since forming the whole bearish determination breakouts reached the final targets within the schedule.