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USD/JPY Completes Major Head and Shoulders Top

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-A major topping pattern has completed in USD/JPY. The target from the pattern resides near 105, which would result in a move back to the October 2014 low. There are of course levels of interest before that point, notably the gap from 2014 at 112.31.

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