USDJPY Possible Reversal

2023年8月16日

USDJPY has been on an uptrend for the past few weeks, but a Head and Shoulder pattern has been detected on the 1-hour chart.
Additionally, inflation in the US is decreasing, which could potentially impact the USDJPY pair.
If the Head and Shoulder pattern breaks below the resistance zone of 145.0 - 144.9, there is a possibility that the price could continue to move downward.