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DeGRAM
Jun 10, 2022 8:16 AM

DeGRAM | USDJPY double topped Short

FX:USDJPY240
U.S. Dollar/Japanese YenFXCM

Description

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USDJPY hit a major structural resistance level of 134.500 like a wall.

Price action formed a double top, indicating that the market cannot make a new high.

We expect some price relief or sideways move at the resistance. 





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Share your opinion in the comments and support the idea with like. Thanks for your support!
Trend AnalysisChart PatternsUSDJPYusdjpyanalysisusdjpyforecastusdjpypredictionusdjpysignal
Comments
DeGRAM
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Good luck in the markets and have a good one!
smalltraderdumb
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Price action formed a double top , indicating that the market cannot make a new high., who says so? , usdjpy its insane how has been running any idea how much money people have lost shorting this for the last 3 months?
cvllim6321
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@smalltraderdumb agreed, still in floating loss for 3 month
smalltraderdumb
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why did you remove the graph you posted today , you were for sure Short on this pair and now that is Long your posted graph dissapear
Razbob
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huge divergence on weekly also and at highest level since 2002..the only way is down right?
YMGroup
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exceptional work you are doing for usd.jpy analysis, I also have the same view and think it will go down
Financial-Algorithm
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Thank you. I greatly appreciate it.
PIP-Pocket
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Level is strong but lets see
MakarovTrade
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Well done sir like it
SerjMarkeleo
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Thank you for a job well done. Excellent work!
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