YEN-Head and Shoulders forming?
My gut feeling tells me that it will form within tomorrows trading sessions.
May see some bullish action, pushing the price up to 113.00 which seems to be a much stronger resistance than the current level.
Some good news from tomorrows release MIGHT help further push the price down below the head and shoulders neckline, from there I can see the price halting at the 112 level
Any thoughts and ideas are welcome in the comment section :).
And obviously this is not investment advice lol
May see some bullish action, pushing the price up to 113.00 which seems to be a much stronger resistance than the current level.
Some good news from tomorrows release MIGHT help further push the price down below the head and shoulders neckline, from there I can see the price halting at the 112 level
Any thoughts and ideas are welcome in the comment section :).
And obviously this is not investment advice lol
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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.