USDJPY H1 Head & Shoulder Pattern???

Dear Investors

I'm currently monitoring price action on the H1 Timeframe for this pair and I have Identified a potential Head and Shoulder pattern

A Head and shoulder Pattern is a bearish price action, however it could easily turn into a bullish continuation Pattern because anything can happen

The neckline of this structure is a key level which mostly determines the resulting direction of price

Therefore, I am currently looking at 2 possible scenarios from here

1. If price fails to break below this neckline structure, then we could see a bullish reversal

2. If price breaks below this neckline structure, then we could see a bearish continuation

However, anything can happen, so let's stay patent and Execute based on your confirmation 👍

I'll be posting updates soon.