piptank

Possible #DoubleTop Scenario #JPY #USD #forex

FX:USDJPY   U.S. Dollar / Japanese Yen
This chart show us a possible double top scenario. There actually two of them pink rectangles. A confirmation of it could be the break of support at 120.5 -120.1 area. You can also see how the double bottom scenario worked out (blue rectangles).

Comments

piptank IvanLabrie
thanks always a good feeling when projections came true
Reply
Indeed!
Now debating wether it'll continue to fall since it crossed over 121.10 again.
Reply
piptank IvanLabrie
if we manage to breach 122 it could go higher, but for now just observe
Reply
Agreed.
Reply
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