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Dec 17, 2014

04:25 PM EDT

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Market Analysis

Home » Technical Analysis » Weekly » JPY » USD/JPY Inverted Head and Shoulders Attempt

USD/JPY Inverted Head and Shoulders Attempt

Forex Technical Update

Got an inverted head and shoulders attempt seen in the 15 min chart. Still, even with this bottom, there will be resistance above. from a recent falling trendline seen in the 15-min chart. Is the bearish correction over already, or will the market continue to consolidate.

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Fan Yang CMT is a forex trader, analyst, educator and Chief Technical Strategist for FXTimes – provider of Forex News, Analysis, Education, Videos, Charts, and other trading resources.

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

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