Here's my analysis for USDJPY for 02/12/19 & beyond.
The current price is at the 109.503 zone. I see a H&S forming on the H1. I see a short position on the interim .
I'd be expecting a sell to the 107.893 zone.
If broken there's a probability of a further drop to the 107.010 & 105.206 zone.
If the bulls gain momentum from the 108.928 zone then there's a possibility of price rising to the 110.601 zone
& if broken could rise to the 111.933 zone.
I'd be expecting a sell to the 107.893 zone.
If broken there's a probability of a further drop to the 107.010 & 105.206 zone.
If the bulls gain momentum from the 108.928 zone then there's a possibility of price rising to the 110.601 zone
& if broken could rise to the 111.933 zone.
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