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CryptoHotep
Aug 31, 2022 9:10 PM

$USDJPY | Triple Top?  Short

USD/JPYOANDA

Description

USDJPY has come back into this resistance zone for a third go around but not as furiously as before. Seems to be a Triple Top motion currently with RSI reaching to 70+. Could be a good quick 40-50 PIP trade to previous support and EMA levels.

Trade closed: stop reached

JPYUSD is going parabolic and got stopped out. Currently in NEW HIGHS and in price discovery. I will be on the sideline for this until this stabilizes out for some swings.
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