forexnoobmaster007

Buy USDJPY : Inverted head and shoulder breakout

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274. A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending upon the risk you want to take.
Comment: FRIST TARGET REACHED!!!!!!!!.... HEADED FOR THE NEXT ONE
Trade closed: target reached: cheers!!!!!!!!!!!