Price seems to be in consolidation phase as a reversal pattern (head and shoulder ) is currently in formation. We’re likely to see the right shoulder pattern form in months coming. Keep a close watch as there could be a medium term sell in USDJPY this year .
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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.