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U.S. Dollar / Japanese Yen
Short

My thoughts on USD/JPY

35
In my analysis of USD/JPY, this currency pair on the daily chart is currently creating a lower low. The head and shoulders pattern has been created on the chart and price is currently breaking below the right shoulder. I forecast price to reach the price $107.00 for the next lower low. I used the Fibonacci with the 9, 20 & 50 Moving Averages. USDJPY
Forex_
Chart PatternsTrend Analysis

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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 PatternsTrend Analysis
Forex_

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.