USD/JPY long: Inversed head-and-shoulders

USD/JPY had recently reached a long-term inversed head-and-shoulders pattern cleanly and didn't look back. From my analysis of other products, I believe that any retracement could be shallower given that other products have yet to make their moves against their S&Rs.

Outside of technical analysis, the recent news that long-term yields are rising also support my overall analysis that USD will rise against most products. These include Yen, Crude, Gold, Silver, S&P, Dow and the FX majors.

Trade geschlossen: Ziel wurde erreicht:

Perfect call for long. Haha...