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FX.co ★ USDJPY H1: Head and Shoulders

USDJPY H1: Head and Shoulders

Head and ShouldersThe Head and Shoulders pattern has formed on the USDJPY H1 chart. The head high is at 158.36, while the neckline passes through 157.67/157.71. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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