USDJPY | Massive Head & Shoulders Top – 2500+ Pips | Weekly📍 Pair: FX:USDJPY (U.S. Dollar / Japanese Yen)
📆 Timeframe: 1W (Weekly)
📉 Price: 144.22
📊 Pattern: Head & Shoulders (macro top)
🔍 Technical Setup:
USDJPY has formed a textbook Head & Shoulders pattern on the weekly chart, suggesting a potential multi-thousand pip reversal if the neckline fails.
🟩 Left Shoulder – Head – Right Shoulder structure is clear
🔻 Neckline sits near 137.00 – a major support zone
🔺 Pattern took over a year to form — signals significant macro exhaustion
🧠 Trade Plan & Targets:
❗️ Trigger: Weekly close below 137.00 (neckline breakdown)
⛔️ Invalidation: Close back above 151.00 (right shoulder high)
🎯 Target 1: 126.90
→ 📉 Move: -1,832 pips
🎯 Target 2: 118.80
→ 📉 Move: -2,547 pips
🔭 Both targets are based on measured move logic from the height of the head to the neckline, projected downward.
⚠️ Key Observations:
Sideways price action forming the right shoulder = distribution zone
Breakdown would shift trend from bullish to bearish on a long-term scale
Potential for carry trade unwind and safe-haven yen demand if macro tensions rise
💬 Are we on the verge of a major USD reversal vs the yen?
📌 Watch for a confirmed weekly break below 137.00 — this setup could define Q3–Q4.
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