JamieFX

CADJPY weekly inverse H&S

FX:CADJPY   Canadian Dollar / Japanese Yen
Inverse H&S on weekly timeframe but has shown signs of rejection of neckline - monitoring for higher low to form.

Inverse H&S has formed after break of weekly descending trend line showing potential reversal pattern.

Targets confluent with monthly levels and fib.

Head formed at strong monthly lows.
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