I am shorting to 100.55 with a stop at 101.34.

FX:USDJPY   U.S. Dollar / Japanese Yen
30 0 3
2016Sep25 I am shorting to 100.55 with a stop at 101.34.

The pair has double-topped so it will likely come down to the 61.80% fib retracement level. This level sits just above a support level that began 2016Aug23, 17:00 est. and lasted for about 56hrs. I anticipate a strong retracement once that level has been reached.

My stop is 10 pips above the double-top high.

The RSI is currently just above 50.
Comment: Fail.
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