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According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 104.34/104.31 is broken out, the instrument is likely to move toward 104.46. The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M5: Inverse Head and Shoulder
Signal strength 1 of 5
USDJPY M5: Inverse Head and Shoulder
According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 104.34/104.31 is broken out, the instrument is likely to move toward 104.46. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade