Possible #DoubleTop Scenario #JPY #USD #forex

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 12, 2015 10:45 AM

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

IvanLabrie

⋅ Mar 19, 2015 8:20 PM

Bam!

piptank

⋅ Mar 20, 2015 10:38 AM

thanks always a good feeling when projections came true

IvanLabrie

⋅ Mar 20, 2015 10:43 AM

Indeed!
Now debating wether it'll continue to fall since it crossed over 121.10 again.

piptank

⋅ Mar 20, 2015 10:49 AM

if we manage to breach 122 it could go higher, but for now just observe

IvanLabrie

⋅ Mar 20, 2015 1:53 PM

Agreed.