Forex Analysis: USD/JPY Classic Technical Report 01.04.2013
Long-term positioning appears to suggest prices completed a major bottom in December, confirming the formation of a large inverse Head and Shoulders pattern carved out over the course of more than two years. The setup implies a measured upside objective at 92.64. Near- to medium-term setups are somewhat inconclusive however.
Monthly Chart - Created Using FXCM Marketscope 2.0
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