Trend_Analyst
Short

USDJPY Double Top Trade

FX:USDJPY   U.S. Dollar / Japanese Yen
29 views
1
29 0
USDJPY has a completed double top pattern which has broken below the neckline and has now moved back up to retest it. Should the neckline hold would initially aim for target 1, this are has provided some resistance in the past so may support any move down. Would move the stop down to around 106.75 if we achieve the first target to protect any profits should prices move back up. If we continue lower would look to exit the trade at the second target.
Trade closed: stop reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out