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USD/JPY Head and Shoulders Continuation is Possible

Jamie Saettele, CMT

DailyFX.com -

Daily

USD/JPY Head and Shoulders Continuation is Possible
USD/JPY Head and Shoulders Continuation is Possible

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The USD/JPY decline since June 2015 has been far from smooth but weakness since the NIRP failure at the end of January is contained within a channel. Since July, a head and shoulders continuation pattern has developed. This pattern is valid while price is below 102.66. Strength above 102.66 would trigger a failed pattern and bullish signal.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source

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