USDJPY | Long Long @ 132.241 StopLoss @ 129.555 TP1 @ 133.686 TP2 @ 134.777 if Neck line of possible inverted H&S is breached than TP3 @ 138.992
USDJPY on daily time frame is honouring the Support Level @ 130.545 thus in the process its possibly making right shoulder of H&S pattern. Hence indicating the Bearish price action. On 01 Hour chart 0.382% Fib Retracement has shown resilience, An inverted H&S is evolving thus indicting the short term Bullish move. Price action @ TP1 and TP2 will indicate the direction.
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