My thoughts on USD/JPY

OANDA:USDJPY   U.S. Dollar / Japanese Yen
In my analysis of USD/JPY , this currency pair on the daily chart is currently creating a lower low. The head and shoulders pattern has been created on the chart and price is currently breaking below the right shoulder. I forecast price to reach the price $107.00 for the next lower low. I used the Fibonacci with the 9, 20 & 50 Moving Averages. OANDA:USDJPY

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