USDJPY Bullish Trend Reversal

6. Dez.

USDJPY is consolidating and showing signs of reversal as the DXY pauses its rally. An inverse head and shoulder pattern is forming on the 2H timeframe, which typically is a bullish reversal pattern. However, we would need a 2h candle close above 151.4 to confirm this reversal with a price target of 152.8. Note that US non form payrolls and unemployment rate reports could invalidate this move and send the price lower.

vor 7 Tagen

Trade ist aktiv

Inverse head and shoulder neckline broken despite a sharp drop following the US Non farm payrolls and unemployment data as predicted. A successful retest above the neckline will validate this move and send us further to the upside ($152 immediate price target)

vor 4 Tagen

Trade geschlossen: Ziel wurde erreicht