USDJPY > Bullish Hs Pattern, Waiting for Entry!!

Analysis on #USDJPY

Hello friends.

again nothing on the higher time frame for me, so let us have a look at the lower time frame technical analysis for USDJPY.

As you can see the market dropped sharply after the NFP news, but since then the market did nothing and formed a head and shoulders pattern.

For me it is a low probability head and shoulders pattern, it did not happen at structure level or a rounded number.

i will watch the market and see if it will break out above 109.65 then I will look for a trend continuation entry





Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated

Check today analysis below⠀

>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”


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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you