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FX.co ★ USDJPY M5: Head and Shoulders

USDJPY M5: Head and Shoulders

Head and ShouldersThe technical pattern called Head and Shoulders has appeared on the chart of USDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 115.33/115.34 after the right shoulder has been formed. So, the trend is set to change with the price heading for 115.19.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph