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Head and Shoulders
was formed on 08.05 at 23:10:09 (UTC+0)
signal strength 1 of 5

Head and Shoulders NZDJPY M5

The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 86.03/86.05 after the right shoulder has been formed. So, the trend is set to change with the price heading for 85.90.

The M5 and M15 time frames may have more false entry points.

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