USDJPY TECHNICAL ANALYSIS (N)
> Price has two valid options.
> 1 Price has formed a daily Head & Shoulders. Price will have to break the descending trend (neck) line for bullish position. | |
> 2 Price broke the ascending trendline and retested before creating RS.
> Price broke support; now turned resistance, heading towards target support 99.00. | |
> Look for candlestick, and corrective structure confirmations before entry.
> 1 Price has formed a daily Head & Shoulders. Price will have to break the descending trend (neck) line for bullish position. | |
> 2 Price broke the ascending trendline and retested before creating RS.
> Price broke support; now turned resistance, heading towards target support 99.00. | |
> Look for candlestick, and corrective structure confirmations before entry.
- Currency Professor
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