$USDJPY LONG Upside Down Head and shoulder

8 Mei 2017

USDJPY Daily upside down right shoulder formation pattern completed where price action set to breakout into next channel area towards $113.777, with possible retest of previous highs at $115.46. However, a pullback level can be seen at $112.188 to take out some Long stops should algorithms sense speculative Long open positions being set-up on anticipated breakout attempt. Continuing bullish momentum over the past 3 weeks coming into play for a trend change resumption back into rising channel range. Folks, take out the popcorn bowl.