USDJPY forms a head and shoulders bottom pattern
On the 4-hour chart, USDJPY formed a head and shoulders bottom pattern, and short-term bulls have the upper hand. Currently, we can pay attention to the support near 141.7. If we fall back to this position and do not break it, we are expected to continue to rise. The upper resistance is around 147.2.
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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.