DejanDjekic

USD/JPY Inverted Head and Shoulder????

Long
FX:USDJPY   U.S. Dollar / Japanese Yen

Inverted Head and Shoulder is likely here, but pay attention at MA200 and Fibonacci 38.2 level (109.14) because this same level can be a huge obstacle for a future price -up movement. If the price break 109.15 we can expect to see USDJPY at 111.00 area.
RSI is in bullish mode, and ADX with his 15 value may suggest that downtrend is almost ower.
My play is BUY with S/L at 107 and T/P at 111
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