Wednesday, February 18, 2015

USD/JPY chart

Summary : Target Level : 118.237Target Period : 3 days
Analysis :
Head and Shoulders identified at 18-Feb-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.237 within the next 3 days.

Resistance Levels :
( B ) 119.416Last resistance turning point of Head and Shoulders.

Support Levels
( A ) 118.237Last support turning point of Head and Shoulders.