USDJPY: Double top Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
Here is a very nice shorting opportunity. We have a double top with the confluence of structure resistance and divergence. In addition see linked chart below to see wider picture and more confluence; bearish bat pattern. Our stops should go above PRZ and targets will be the next support zone .
Financial Analyst
Trade closed: target reached
nice trade
USDJPY may reverse from 123.60 resistance, I have decline below 123.20 as sell confirmation.
+1 Reply
RCP rauan
Agree with you, lets see what the market does. Currently volatility is very low.
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