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U.S. Dollar / Japanese Yen
Long

USDJPY On Key Level! What's Next???

By VasilyTrader
snapshot

USDJPY has reached a very strong major key level.
the chances that the market will retrace from that level are very high.

to catch a bullish move pay attention to a completed head and shoulders pattern on 1H.
105.15 is its neckline. this level must be broken to the upside first,
only then we can buy the market.

initial target:
106.6

in case of a bearish violation of the head level, setup will be invalid.



Chart PatternsdollarForexHead and ShouldersjapaneseyenjpyTrend AnalysisUSDUSDJPYDJ FXCM IndexUSD (US Dollar)yen
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