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junjie_s

USDJPY Possible double top, end of retracement

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
junjie_s  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis USDJPY usdjpyshort Double Top
3
0
chartpattern trendanalysis usdjpy usdjpyshort doubletop
USDJPY has been in a rising channel retracement on H4 for 1 week prior to the month long down trend.
Price failed to reach top of channel, failing to form higher highs and showing signs of a double top.
Might be the end of the retracement and price may continue falling.
Entry point would be at neckline, 109.871.
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