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USDJPY - Possible Head and Shoulder
U.S. Dollar / Japanese Yen
Long
USDJPY - Possible Head and Shoulder
By WrightWayInvestments
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Jan 10, 2023
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Jan 10, 2023
As we can see USDJPY broke out of a bearish channel and showed support at a key fib area
61.8
showing that price may be ready to go up.
To further this bullish sentiment a possible head and shoulders seems to be forming within the pair was well.
This idea can be seen as being invalid around the 129.566 area.
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Bullish Patterns
Chart Patterns
elliotwaveanalysis
headandshouldersformation
Trend Analysis
USDJPY
Wave Analysis
wavetheory
WrightWayInvestments
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