FX.co ★ EURJPY M30: Inverse Head and Shoulders

The Inverse Head and Shoulders pattern has formed on the EURJPY M30 chart. The head low is at 184.89, while the neckline passes through 185.27/185.30. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.