USDJPY 4HR/1HR - HEAD & SHOULDERS TOP
Happy Sunday traders, I hope you're ready for another week of quality trading.
As I start my top down analysis for the week, one of the pairs that remains on my radar is the USDJPY as we open the week with a head & shoulders top pattern. The head & shoulders pattern is a classic reversal pattern & after last weeks bullish breakout on this pair. Price has rallied into a higher level of previous structure resistance which provides us a little more confirmation when looking for a potential bearish move.
Akil
As I start my top down analysis for the week, one of the pairs that remains on my radar is the USDJPY as we open the week with a head & shoulders top pattern. The head & shoulders pattern is a classic reversal pattern & after last weeks bullish breakout on this pair. Price has rallied into a higher level of previous structure resistance which provides us a little more confirmation when looking for a potential bearish move.
Akil
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