USDJPY - Weekly chart

17 feb 2020

Hello everyone
Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good.
an interesting pattern now is forming in the right shoulder of this pattern - after a impulsed movement we are compressed in a triangle. Consider the formation of the impulse - correction-impulse.
I like this weekly chart most of all and the whole picture has been drawn for 22 years, because technical analysis works better on large time frames.
I will not analyze fundamental analysis, I will not analyze the Japanese economy and make predictions on it.
But just such a picture as I showed, I expect the next few years

Best regards EXCAVO

19 feb 2020

Nota

break out 110

19 feb 2020

Nota