USDJPY: Trading Range & Bearish Forecast

USDJPY is trading within a wide 4H trading range.

yesterday the price has reached its resistance and was rejected.
on 1H the market formed a double top formation with a lower high
and broke below support of a rising wedge pattern.

now the price will most likely start falling to the support of the range.

goals:
107.03 - middle of the range
108.03 - bottom of the range

Yorum:

bottom of the range 106.83