USDJPY Short Idea

7 Şub 2022

This is a profitable trade as rejection is already starting to show but we will wait for a confirmed double top as circled in the yellow filled circles on the daily and 4 hour chart we can see a clear triangle wedge pattern that the prices are currently respecting with this being the 3rd touch and now the double top at the trendline and resistance means there is a very strong resistance here. I predict the market to short this and and usdjpy to go bearish.

TAERGET; 114.90