Head-and-Shoulders for USDJPY

01 march 2022 106
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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A “Head-and-Shoulders” reversal pattern can be seen on the chart.


The price is about to cross the neck line.


When it happens, a decline of the pair is probable to 113.6.



The US and Japanese macrostatistics also prove a probable USDJPY decline:


Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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