USD/JPY has formed a head and shoulder pattern.
It broke the neckline, made a follow through rally and is currently retracing back to test the neckline.
We expect the neckline to hold resistance which can be a good entry point for a short trade.
It broke the neckline, made a follow through rally and is currently retracing back to test the neckline.
We expect the neckline to hold resistance which can be a good entry point for a short trade.