USD/JPY inverse H&S pattern suggest 200 pips upside
The USD/JPY pair has been forming an inverse head and shoulders pattern over the past five days. This bullish reversal pattern suggests a potential shift in the trend. The difference between the head and the neckline is approximately 208 pips. A break above 143.77, which is just above the high from Monday, September 9th, could trigger this pattern. If confirmed, it could push the price up to around 145.88, as the height of the pattern suggests this potential target.
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