USD/JPY Double top at resistance line, Short

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Support and Resistance

supportandresistance

USD/JPY had a double top at the resistance level at 111.046 and price has rejected ever since, on the 4 hour chart price continues to push beneath the 20 EMA, and we could see the first target at 108.709.

Comment:

snapshot

Double top in 1 hour chart on the resistance line

Comment:

Previous rejection for this price level was at May this year

snapshot

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