USD/JPY, possible reverse H&S!?
USD/JPY has erased complete loss from December 15./16. fall. At this moments the pair has aproached at resistance area 119.00/50 and if it fails to brake that resistance, we have a possible reverse (inverse) head and shoulder formation!? Wach carefully this ‘neckline level’. If that level brakes, fureder gain and new hights toward 121/122 are possible.
This looks nice, but it’s end of the year. I think we can go to vacation now. 🙂
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I woudn’t bet on that. 🙂