#USDJPY Inverted Head and Shoulder formationAs 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!!!
Yenfutures
J71!: Buy@0.0094850,SL:0.0092490,T1:0.0099290,T2:0.0106410Japanese YEN E-MINI Futures a strong buy candidate. Buy only at 0.0094850 as CMP is greater than this price, wait for the prices to come down to the support level. Keep a stop-loss of 0.0092490 and Target 1 at 0.0099290 and Target 2 at 0.016410.
Daily and Weekly charts above Ichimoku Kumo signifying a clear BUY signal.