Get started
forextidings

USD/JPY is making a Formation of the Double Top Pattern

U.S. Dollar / Japanese Yen (FX:USDJPY)  
forextidings Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Double Top or Bottom Technical Indicators USDJPY usdjpyanalysis usdjpysignals freeforexsignals freeforextips Double Top freecurrencytips
15
8
trendanalysis doubletoporbottom indicator usdjpy usdjpyanalysis usdjpysignals freeforexsignals freeforextips doubletop freecurrencytips
It's an hourly chart of USD/JPY. The USD/JPY is trying to make a structure of the double top pattern. But rightnow, we can't call it a double top pattern. If it crosses the neckline then, it will become a double top pattern. To touch the neckline, it has to cross 104.26. I have applied the indicator (RSI), which indicates a fall.

But what if it continues to grow?

If it does not stop to grow, then it will touch 105.06.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.