Double top forming possible head and shoulders could form if price wants to be stubborn.
If price is not able to break above 88.80 level then it will drop down to 3 possible areas 1st being 84.000 2nd. 82.000 or 3rd. 80.000
This is only a trading capability - no recommendation !!!
Next wkk i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Look for buy on first impulse , its a very good risk-reward setup. Linked below is my USDJPY and XAUUSD setups, both of them are in good profit, you can still enter based on your strategy.
Give it a like if this has helped you in any way. Follow for more ideas and daily updates
With Japanese markets closed until Friday, it could be the end of the week before the JPY pick up again . The Loonie have so much advantage now... I took long position from 83.605 with 4 Tps. We'll see how this transpire, but am sure it will be a good, as usual :)
Have fun trading!