In the mid way - sink or fly - USD/JPY at crucial level, Long

USD / JPY
After H&S pattern it breached the neckline on hourly chart and cracked down but the previous 4 candles have strongly backed it for a bull run and momentum is back to positive, we have to watch for the levels and breakout above the neckline, sustains above that will take it further high up to the previous right soulder and may face resistance at that point. If in case it fails to cross the breakout resistance from the neckline the downfall may continues and then a sharp decline will take it further down to the immediate support which is a bit bigger gap as of now.

Finally things we need to do right now is to watch for the breakout or keeping a close stop loss for trading short.

All the best !!

Trade active:

f in case it fails to cross the breakout resistance from the neckline the downfall may continues and then a sharp decline will take it further down to the immediate support which is a bit bigger gap as of now.

From 113.810 to 113.436 now keep holding for 113.350- 113.110

Trade closed: target reached:

From 113.810 to 113.436 now keep holding for 113.350 made a low of 113.250 around modify an keep trailing stop loss for more downside