I see a significant rising trend line on a 📈USDJPY pair within a 4-hour timeframe.
The price dropped to that today and rebound.
Testing that, the pair formed an inverted head and shoulders pattern on a hourly timeframe.
The neckline of this pattern has recently been breached and is now in the process of being retested.
A bullish movement towards the 158.47 level is anticipated.
The price dropped to that today and rebound.
Testing that, the pair formed an inverted head and shoulders pattern on a hourly timeframe.
The neckline of this pattern has recently been breached and is now in the process of being retested.
A bullish movement towards the 158.47 level is anticipated.
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Related publications
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.