NZDJPY PRICE ACTION TRADING INV. HEAD AND SHOULDERS

Hello Trader,

I hope you've had a successful trading week so far!

Let's have a closer look at NZD/JPY.

It's displaying a price action reversal pattern, specifically an inverse head and shoulders, on its hourly chart. Currently, the price is trading near the neckline breakout at 86.939.

Stops are set at the mid-right shoulder:
ST: 86.550

Target 1:
- 62%: 87.662
- 79%: 87.852

Target 2:
- 127%: 88.413
- 162%: 88.815

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Best wishes for your trades!

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