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USD/JPY Forms Inverted Head & Shoulders

Discussion in 'Technical Analysis' started by ActionForex.com, Oct 19, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The USD/JPY has just completed an inverted Head & Shoulders pattern on the daily chart. Unlike its cousin, the Head & Shoulders, this pattern indicates a bullish signal for the pair. With this pattern a forex trader would typically look to enter after a strong breach of the neckline around...

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