Sorry I have been away, I havent been feeling well. We have a very clear pattern developing on the USDJPY pair. I have had a mid term long bias since we broke the trend line a short while back, however if this HNS plays out, it should really make a nice bullish move. A couple things to think of here before we jump the gun. Dont ever buy into a head and shoulders pattern early, neckline rejections are vicious and have swallowed many accounts. Wait for a clear break and then retest off the neckline. This gives you a very define set of parameters for the trade. I am already long from the fib bounce so I have this trade set to long. But if you are playing the HNS remember to WAIT for a proper retest.