USDJPY - Head and Shoulders Pattern

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USDJPY is one of the rare charts that has all three Major timeframes, namely the Daily, the 4-hourly and the 1-hourly chart in Bullish Trend.

While the 4-hourly chart has a Bearish Head and Shoulders setup, at this moment the structure holds.

Trend Traders or traders who are looking for a buying opportunity can wait for a Double Bottom with RSI Divergence forms at the projected completion of Head and Shoulders to engage the trade.

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