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U.S. Dollar / Japanese Yen
Long

USDJPY: Inverted Head and Shoulder

111
This pair is currently resting on the uptrend channel on the Daily time frame. It just formed a head and shoulder pointing towards the upside. However, I believe the pair can go a little lower. Therefore wait for the break of the neckline before entering this trade.

Trade with care.
AbdorhmanThi
Chart PatternsdollarHead and ShoulderssetuptradetrendTrend AnalysisUSDJPYyen

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.
Chart PatternsdollarHead and ShoulderssetuptradetrendTrend AnalysisUSDJPYyen
AbdorhmanThi

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.