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The Head and Shoulders pattern has formed on the USDJPY M30 chart. The head high is at 158.36, while the neckline passes through 157.67/157.71. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal. FX.co ★ USDJPY M30: Head and Shoulders
Signal strength 3 of 5
USDJPY M30: Head and Shoulders
The Head and Shoulders pattern has formed on the USDJPY M30 chart. The head high is at 158.36, while the neckline passes through 157.67/157.71. The Head and Shoulders signals a potential reversal of the 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