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goldtradingexpert

USD/JPY Formed a head and shoulder pattern

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
goldtradingexpert Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis Beyond Technical Analysis USDJPY usdjpyshprts usdjpyforecast usdjpyanalysis
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1
trendanalysis waveanalysis beyondta usdjpy usdjpyshprts usdjpyforecast usdjpyanalysis
Hi there, USD/JPY has formed a head and shoulder pattern and could not break above its right shoulder. So, it may drop the current level to its trendline support zone.

USD/JPY Sell zone: 115.50 zone ( Left and Right shoulder zone)
Stop Loss: 116.50 ( Above Neckline)
Target Zone: 114.20 ( Trendline Support Zone
Comment:
+50 pips running
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