After some volatility at this pair, due to the tension between the 2 economies, we can see this week the USDJPY pair, return to is regular "shape"
At this analysis we can see easyli a Reverse Head and Shoulder pattern. If the price breaks the neckline, we must wait to confirm our setup, and then at the retest of the zone, a trade must take place, with a stop-loss around 10 pips, and a take profit around 40 pips, with a RR 1:4.
At this analysis we can see easyli a Reverse Head and Shoulder pattern. If the price breaks the neckline, we must wait to confirm our setup, and then at the retest of the zone, a trade must take place, with a stop-loss around 10 pips, and a take profit around 40 pips, with a RR 1:4.