capitalpropertiesfx

USDJPY - ahead of the FOMC (short-term)

FX:USDJPY   U.S. Dollar/Japanese Yen
316 0 4
The pair just finished this small H&S pattern and so far it has not moved any further. In any other day, I would consider this current situation "a bit bearish" because very often, when this pattern is completed but the price does not manage to push any further it will re-trace all of the H&S.
However, today is different as the FOMC may change everything in 1 second and keep in mind that the trend is of course up.

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