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USD/JPY Possible Double Top Formation

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
AMTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Double Top or Bottom
6
3
trendanalysis doubletoporbottom
USD/JPY Bearish Scenario 1: Double Top

If price gets rejected at 112.718/20, try shorting till 110.840
with stops above 112.99 which is where the 200SMA is.

If price closes below 110.80 target 108.97 - bottom of double
top column extension. Place stops above 111.44

Should price rally that far down, then I suspect the GAP below
at 107.84 will be closed.

Bullish scenario 2 coming shortly
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