The Head and Shoulders pattern has formed on the USDJPY H1 chart. The head high is at 158.36, while the neckline passes through 157.67/157.71. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. FX.co ★ USDJPY H1: Head and Shoulders
Signal strength 4 of 5
USDJPY H1: Head and Shoulders
The Head and Shoulders pattern has formed on the USDJPY H1 chart. The head high is at 158.36, while the neckline passes through 157.67/157.71. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade