jasperlawler

USDJPY: How to trade more downside from the double top

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
If the double top on the weekly chart is going to hold, then there should be a good amount more downside in USD/JPY. If it doesn't - we'll exit this trade.

149 was a key breakdown area - in case of a rebound we can enter short.
A close above 149 probably nullifies this trade.

145 is the key target.


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