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U.S. Dollar / Japanese Yen
Short

USDJPY Possible Reversal

By dytra

USDJPY has been on an uptrend for the past few weeks, but a Head and Shoulder pattern has been detected on the 1-hour chart.
Additionally, inflation in the US is decreasing, which could potentially impact the USDJPY pair.
If the Head and Shoulder pattern breaks below the resistance zone of 145.0 - 144.9, there is a possibility that the price could continue to move downward.
Chart PatternsForexTechnical IndicatorsUSDJPYusdjpyshort
dytra

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