USD/JPY Formed a head and shoulder pattern

Hi there, USD/JPY has formed a head and shoulder pattern and could not break above its right shoulder. So, it may drop the current level to its trendline support zone.

USD/JPY Sell zone: 115.50 zone ( Left and Right shoulder zone)
Stop Loss: 116.50 ( Above Neckline)
Target Zone: 114.20 ( Trendline Support Zone

Kommentera:

+50 pips running