I have spotted an inverse Head and Shoulders technical pattern on the USD/JPY currency pair and I am looking to place a long trade. Please take note that the Dollar will play a role in this currency pair trade idea playing out.
Trade summary detailed below...
- Entry (Buy): 106.70
- Stop loss: 105.66 below the right shoulder.
- Target price 1: 107.27
- Target price 2: 107.67
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