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#USDJPY Inverted Head and Shoulder formation

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
hiteshhbafna  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns USDJPY usdjpylong usdjpyshort usdjpyforecast yenpairs yen-long-term-trend yenfutures dollar
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trendanalysis indicator chartpattern usdjpy usdjpylong usdjpyshort usdjpyforecast yenpairs yen-long-term-trend yenfutures dollar
As seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.


Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.


God bless us all!!!
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