USD/JPY extends gains after break of the November high


How far can it run

USD/JPY is at the highest since May as it eats through stops above 109.50 on positive risk sentiment.

The daily chart shows an inverted head-and-shoulders pattern that should have bulls salivating. The measured target of the pattern is close to 115.00, which is where there were a series of highs in 2017 and 2018.

How far can it run

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