H&S pattern on USDJPY heading into BOJ Short

USD/JPYOANDA

Description

⋅ Jan 22, 2018 7:04 PM

Looking to short USDJPY on break of the neckline and hold until we retest 110 and reevaluate there. Retail has increased long positions even more which gives me bearish outlook. Stops would be above the head area ~111.50.