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The USDJPY is rising, affected by inverted head and shoulders pattern-Analysis-02-02-2026
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The USDJPY is rising, affected by inverted head and shoulders pattern-Analysis-02-02-2026
Mar 11, 2026 2:27 AM

The (USDJPY) surged high in its last intraday trading, breaching 154.45 key resistance, amid the dominance of strong bullish corrective wave on intraday basis, due to the effect of positive technical pattern that formed on short-term basis (inverted head and shoulders pattern), to attempt to surpass the negative pressure of EMA50, announcing its momentum to extend its corrective gains, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might decelerate the price rise temporarily.

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