USD/JPY Reversal Pattern Signals Impending Trend Reversal

24 thg 4, 2023

In the latest session, the USD/JPY exhibited a bullish trend and subsequently formed a reversal pattern commonly referred to as a "Reversal Head and Shoulder." We believe that this pattern suggests an impending reversal in the price of the asset, particularly in light of the EUR's recent strength against the USD. Our forecast indicates that the last target for this trend reversal could be around 133.000.