USDJPY: Inverted Head and Shoulder

This pair is currently resting on the uptrend channel on the Daily time frame. It just formed a head and shoulder pointing towards the upside. However, I believe the pair can go a little lower. Therefore wait for the break of the neckline before entering this trade.

Trade with care.
Chart PatternsdollarHead and ShoulderssetuptradetrendTrend AnalysisUSDJPYyen

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