USDJPY 240min channel resistance, triple top, bearish divergence

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

usd-us-dollar usdjpyshort parallelchannel tripletop bearishdivergence

USDJPY H4 chart delivers a strong selling signal and a fair risk to reward ratio. Target 1 and 2 are Fibonacci retracements (38.2% and 50%) of 22-May 120.63 low and 05-June 125.80 high.

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