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
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
Note
+50 pips running
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.