HI Everyone,
Over the last few days we have been watching the JPYBASKET get squeezed in a falling wedge which is a possible reversal pattern, we have now broken out of this wedge to the upside and we now seem to be forming an inverse head and shoulders pattern.
The right shoulder lines up perfecting with the .786 fib and a break - retest of the wedge,
I am anticipating a pull back to around 9200
Over the last few days we have been watching the JPYBASKET get squeezed in a falling wedge which is a possible reversal pattern, we have now broken out of this wedge to the upside and we now seem to be forming an inverse head and shoulders pattern.
The right shoulder lines up perfecting with the .786 fib and a break - retest of the wedge,
I am anticipating a pull back to around 9200