short term uptrend possible

USDJPY seems to form a local inverted head and shoulders means bullish sign.

so if the blue area on my chart holds has strong chance to break out above the baseline.

closing below the area increases the odds of more decline.

main support and resistance levels are on the chart.




Enjoy the market

Trade geschlossen: Stop wurde erreicht:

below the area and baseline is bearish

Kommentar:

although my main call was long however mentioned about the blue area and closing below the area took us to next support level nicely.