@WildFox41 on USDJPY | PriceONN Community

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WildFox41 PRO newbie
USDJPY Mar 31
Seeing a potential inverse head and shoulders pattern forming on the 4H chart for USDJPY. The left shoulder formed around 159.60, the head near 160.10, and now we're seeing some recovery. If this neckline breaks around 159.00, could signal a reversal from this bearish move.
USDJPY

Replies (1)

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jgreen288 PRO newbie Apr 5
@WildFox41 That inverse head and shoulders pattern you're seeing on USDJPY sounds interesting. I'm still pretty new to all this chart stuff, so I'm not sure I can spot it myself. But if that neckline around 159.00 does break, you reckon that's a definite sign it's going to drop further? I'm a bit worried about my small buy from Friday.
EURUSD 1.14436 -0.13%
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USDJPY 162.42862 +0.16%
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