ZackSchreiner
Short

Short USDJPY following triple top on bearish RSI at a 61.8

FX:USDJPY   U.S. Dollar/Japanese Yen
52 0 3
The overall trend has been in a bearish channel since November 2015. Price action has put in a new Low and has ascended close to the top of the channel, putting in a Triple top near previous resistance levels at a 61.8 retracement with bearish divergence in the RSI . I expect to see another bearish movement down into at least a 127 extension.

I have identified a Flag pattern/ Ascending triangle pattern indicating a possible continuance to the upside so I have set an order to buy if my stops are hit. I have doubts that will happen because much of a continuance upward would break above previous structure highs and through the channel ceiling.
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