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Apr 21, 2025

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USDJPY: Head and Shoulders

USDJPY, Weekly

USDJPYWeekly.png

In the Weekly timeframe, USDJPY formed a head-and-shoulders pattern after a long sideways move. The price fell to the neckline, and the AO confirms the growing bearish sentiment.

  • We consider selling USDJPY on consolidation below 140.800 with a target to 137.000 and further to 133.000;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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