empty
 
 
13.04.2022 04:18 PM
Inverted Head and Shoulders pattern in USDJPY.

A couple weeks ago we talked about the inverted head and shoulders pattern that was formed in USDJPY. Currently USDJPY is trying to break out and above the neckline resistance to produce the much anticipated bullish signal and activation of the pattern.

This image is no longer relevant

Yellow lines - Inverted head and shoulders pattern

Blue line - neckline resistance

USDJPY has made an explosive upward move over the last few weeks and has risen in a straight line from 117 to 125. Last time we saw similar price action was in 2014. The formation of a higher low in 2016 and in 2020, combined with a break above the highs of 2015, provides an explosive mix for bulls. The weekly RSI is at overbought levels but is also making new higher highs. We might see a pull back over the next couple of weeks but overall we expect trend to continue higher.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $5000 lebih lagi!
    Dalam November kami membuat cabutan bertuah $5000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget