USDJPY on the up again - Inverted Head and Shoulders Pattern?
Few key areas marked out here on this pair. Possible Inverted Head and Shoulders pattern here with just the rest of the right shoulder to form. Stops relatively tight if we get in on this soon. I would wait for a break out of the consolidation red box I have marked as there seems to be some indecision.
First target would be between the 0.50 and 61.8 fib levels and then look for a pull back and possibly re enter on the push back up to the 114.00 level?
First target would be between the 0.50 and 61.8 fib levels and then look for a pull back and possibly re enter on the push back up to the 114.00 level?
