Hello everyone Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good. an interesting pattern now is forming in the right shoulder of this pattern - after a impulsed movement we are compressed in a triangle. Consider the formation of the impulse - correction-impulse. I like this weekly chart most of all and the whole picture has been drawn for 22 years, because technical analysis works better on large time frames. I will not analyze fundamental analysis, I will not analyze the Japanese economy and make predictions on it. But just such a picture as I showed, I expect the next few years
Great analysis EXCAVO. Thanks for sharing this ...
Johnny991
⋅
Johnny991
⋅
Agree with your idea
Skender10
⋅
nice1 and bold
ProjectSyndicate
⋅
gbpjpy 4h speculative H*S setup (NEW)
P_D3s_Crypto
⋅
Great chart as usual ! Due to the positive correlation with this pair do you expect oil will fly above 60$ in next weeks?
Kuba_San
⋅
Sorry @EXCAVO it is not Inv H&S - No primary trend coming into it and right shoulder has larger range than the left. However bias can be right due to Potential Ascending Pennant