LAfxtrader

USD/JPY 2 possible ways this trade will play out

FX:USDJPY   U.S. Dollar / Japanese Yen
177 0 4
There's two possible ways this trade can play out.
1. Head and shoulders is complete on a support zone that has been respected in 1999, 2004, 2008, and Today. If we break that major support we will look to hit the red rectangle zone and pullback to our now major resistance down to 98.874
2. We have a bounce off of the respected support to 101.942 then to 107.423 then 124.0

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