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FX.co ★ USD/JPY analysis for December 13, 2019 - Daily analysis, broken inverted head and shoulders pattern

USD/JPY analysis for December 13, 2019 - Daily analysis, broken inverted head and shoulders pattern

USD/JPY has been trading upwards in past 48 hours. I found the breakout of massive inverted head and shoulders pattern in the background, which is good confirmation for the further upside.

USD/JPY analysis for December 13, 2019 - Daily analysis, broken inverted head and shoulders pattern

Watch for buying opportunities with the upward targets at the price of 110.65 and 112.50. Stop loss level is set at 106.50.

The very important pivot level (neckline) is set at the price of 109.30.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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