USDJPY - Huge formation in progress - Look at the chart!

Hello dear traders and community. Looking on the daily chart of USDJPY we see an interesting setup forming here. On my chart you can see the huge head and shoulders formation forming. It is a complex head and shoulders formation with two minor left shoulders already formed in the major left shoulder. Also it is inverted that means it can complete with a bullish trend to the upside. The pink trend lines are showing the origin of the left minor shoulders, in the right major shoulder it shows the potential origins of the two minor right shoulders (which are forming now).

In the bottom of my chart you can see a major support level, where USDJPY already bounced 3 times now:
The first time at the beginning of the uptrend showed in my chart on the left bottom, where USDJPY formed a bottom formation and moved to the upside with some healthy green candles.
The second time at the head of the head and shoulder formation which is in progress.
The third time at the first minor right shoulder
It is highly possible that USDJPY will bounce in this area again when completing the head and shoulders formation

Also there is an psychological support zone at 100 - 105, normally full numbers like 50,100,200,300 etc. have a high probability to form support or resistance in this price ranges. There are several ways to enter this possible long trade, the aggressive approach would be to open a LONG position as soon USDJPY hits the major demand zone, a more conservative approach would be to wait until the head and shoulders formation has confirmed.

Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody!

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Formed support

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ANALYSIS UPDATE: USDJPY continued with several bounces in the major bullish demand zone before it continued to show up with expansions reaching out the initial targets and breaking out above the target zones.