A possibility to short USDJPY

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

elliottwaves waveanalysis usdjpy usdjpyshort usdjpysell

Looks like a head & shoulder pattern is developing on USDJPY. I will look for shorts only when the neckline of the head & shoulder pattern breaks.

Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.