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hiems

USDJPY Triple Top Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
hiems  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis Double Top or Bottom
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chartpattern trendanalysis doubletoporbottom
USDJPY has failed to cross through the 107.8 for the third time now. This has resulted in a Triple top formation on the 4h chart. I'd expect the pair to range back down to the bottom of the range to 105.6 with a potential extension to the bottom of the current trend channel at 104.4

TP 1 105.6
TP 2 104.4
SL 108.0
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