Potential reversal on the cards for USDJPY

On January 29, 2010, In Technical Studies, By Soh Tiong Hum

The USDJPY is printing a potential wedge on the day chart as well as inverted head and shoulder in the 4-hour. It is critical to confirm with break of neckline or breakout of wedge.

Potential reversal patterns for USDJPY

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Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

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