USD/JPY Double Top Formation (Nikita FX )

USD/JPY's 118.98 & 119.14 could be a Double Top. 119.14 spike was an
overthrowing recovery into the Former Green Channel bottom line. It had already
changed into new Pink Channel zone.
In the event of breakdown through the Pink Channel bottom line, TP will be at 114.50/60

However if 117.50/60 (Pink Channel bottom line) will be maintained, USD/JPY is going
into a sideways (117.40--119.00) for a while.

Nikita FX (climbingfx.jugem.jp/ )