USD/JPY - Inverse head and shoulders pattern on 4-hr chart
A bullish break from the inverse head and shoulders pattern would add credence to the repeated rebound from 108.30 area and open doors for a 'slow' rise to 109.20-109.50 levels.
On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.
On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.
