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HayatoDragonFX

USDJPY, 4 hour timeframe, double top or bear flag

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
HayatoDragonFX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USDJPY usdjpyshort usdjpyanalysis usdjpysell Double Top usdjpyforecast Bearish Patterns
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trendanalysis chartpattern usdjpy usdjpyshort usdjpyanalysis usdjpysell doubletop usdjpyforecast bearish
Based on the 4 hour timeframe we could see price moving inside the area which i have highlighted.

Area around 106.75-106.85 served as support previously. During this last 10 days, price tested this area 3 times.
Price finally closed below it on 4hr timeframe at Tuesday.

We could see further drop in USDJPY from this point

Sell USDJPY 107.00-106.90
Stop loss 107.40
Take profit 1 @106.40
Take profit 2 @106.00
Take profit 3 @105.60

Good luck
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