USD/JPY Head and Shoulders Continuation is Possible
Chart Prepared by Jamie Saettele, CMT
-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.
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