hpis44
Short

USDJPY 240min channel resistance, triple top, bearish divergence

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             H4 chart delivers a strong selling signal and a fair risk to reward ratio. Target 1 and 2 are Fibonacci retracements (38.2% and 50%) of 22-May 120.63 low and 05-June 125.80 high.
2nd target hit exactly as expected !
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After 1st target is hit, stop loss of 2nd part of the trade is lowered to breakeven !
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