Our last bearish call on USDJPY played out perfectly. Now, a new setup is forming. With US ISM data showing contraction and stock markets under pressure, the dollar-yen could be next to drop. Watch as we break down the textbook head and shoulders pattern and the levels to watch for a potential 600+ pip move. Target zones, risk-reward, and key breakout levels all included.
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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.