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USDJPY Head and Shoulders forming. Sell.
U.S. Dollar / Japanese Yen
Short
USDJPY Head and Shoulders forming. Sell.
By TheCryptagon
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Apr 21, 2023
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Apr 21, 2023
USDJPY is forming a Head and Shoulders pattern right on the 0.618 Fibonacci level.
That, along with the 1day MA200 which had the last major rejection (March 8th) are the ideal sell entries.
Target Support A (129.700) on the short term. The long term target can be much greater.
Previous chart:
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Chart Patterns
currencypairs
Forex
Technical Indicators
japaneseyen
jpy
Trend Analysis
USD
USDJPY
DJ FXCM Index
TheCryptagon
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