USDJPY - H&S still possible

11 giu 2018

The head and shoulders graph that seems to be forming on the USDJPY pair is still very possible and if the price is unable to break through this resistance level and it moves towards the neckline, we could see the price fall as low as 105.490, but if on the other hand the price is able to break this resistance level we could see prices move as high as 111.410. I will keep everyone updated on this pair over the coming days.

13 giu 2018

Nota

I would say at this point it looks likely that the price has managed to break the resistance, this would be confirmed if the price bounces off this resistance level which would now be acting as a support. If the price does bounce we could see the price move as high as 111.43 again to test that previous strong resistance level.