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Yemi_Fx1

Yemi_Fx1 | Short Opportunity on USDJPY

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Yemi_Fx1  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Fundamental Analysis priceactionanalysis usdjpyshort forex-trade-ideas pattern-trading
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chartpattern fundamental priceactionanalysis usdjpyshort forex-trade-ideas pattern-trading
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule.

However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside.
Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating for continuation pattern for the move of price to the nearest support level at price 146.539

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