USDJPY | Long
Long @ 132.241
StopLoss @ 129.555
TP1 @ 133.686
TP2 @ 134.777
if Neck line of possible inverted H&S is breached
than
TP3 @ 138.992
USDJPY on daily time frame is honouring the Support Level @ 130.545 thus in the process its possibly making right shoulder of H&S pattern. Hence indicating the Bearish price action.
On 01 Hour chart 0.382% Fib Retracement has shown resilience, An inverted H&S is evolving thus indicting the short term Bullish move.
Price action @ TP1 and TP2 will indicate the direction.
Long @ 132.241
StopLoss @ 129.555
TP1 @ 133.686
TP2 @ 134.777
if Neck line of possible inverted H&S is breached
than
TP3 @ 138.992
USDJPY on daily time frame is honouring the Support Level @ 130.545 thus in the process its possibly making right shoulder of H&S pattern. Hence indicating the Bearish price action.
On 01 Hour chart 0.382% Fib Retracement has shown resilience, An inverted H&S is evolving thus indicting the short term Bullish move.
Price action @ TP1 and TP2 will indicate the direction.
Trade closed: stop reached