akyong
Short

USDJPY: Potential Double Top Divergence

FX:USDJPY   U.S. Dollar/Japanese Yen
After more dovish comment from Yellen yesterday, the bearish momentum and sentiment are evident on the price action of USDJPY             .

From a technical analysis point of view, we have a potential double top divergence setup should price retraces back towards the 61.8 fibonacci level.

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Cheers,
KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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