Is USD/JPY heading to 175?
USD/JPY's three-month chart shows inverse head-and-shoulders breakout. The pair has taken two decades to form the bullish pattern and the breakout has opened upside toward 175 – target as per the measured height method.
Purely on the basis of the TA, the bullish outlook would be invalidated if the pair drops below the neckline, currently around 127.
Purely on the basis of the TA, the bullish outlook would be invalidated if the pair drops below the neckline, currently around 127.
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