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Forex technical analysis: Do we see a head and shoulders forming in the USDJPY?

Discussion in 'Technical Analysis' started by ForexLive, Feb 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USDJPY tumbles lower. Corrects. The USDJPY tumbled from the "get go" in trading today falling toward the 200 hour MA and 38.2% of the move up from last weeks low. The pair has rebounded toward an early swing high on Friday and in my minds eye are seeing visions of a head and shoulder formation forming.

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