USDJPY showing a reverse head and shoulders pattern after reaching a major
fibonacci level of support. Since the low established where the head is, a higher
low has formed what could be thought as a right shoulder. Watch for further
upside as the yen pairs start to respect this higher low.
fibonacci level of support. Since the low established where the head is, a higher
low has formed what could be thought as a right shoulder. Watch for further
upside as the yen pairs start to respect this higher low.
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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.