USDJPY will go UP by Inverse Head and Shoulders Pattern🚀

USDJPY is moving on 🟢support zone(139.10 JPY-137.60JPY)🟢.

Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone.

I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the 🎯target🎯 of the Inverse Head and Shoulders Pattern.

📚Since the Regular Divergence(RD+) between the right and left shoulders is clearly visible, this point adds to the validity of the Inverse Head and Shoulders Pattern.

📚Another sign that increases the validity of the Inverse Head and Shoulders Pattern is that the momentum of USDJPY approaching the neckline is greater on the right shoulder than on the left shoulder.

🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.

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Transaction en cours

Commentaire:

USDJPY was able to break the neckline.

Trade fermée: cible de profit atteinte