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PropSignals

Possible H & S Pattern on USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
PropSignals  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
On weekly chart of USDJPY I can see the price is moving up through ascending channel, which is possible that it is forming the right shoulder of Head and Shoulder Pattern. I am watching it closely for potential trade to go lower if it bounced from the ascending channel and formed a key reversal indicating that the price will go short.
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