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CashmereRyanL

USDJPY SHORTS: JAPANESE YEN STRENGTH IN THE MARKET?

U.S. Dollar / Japanese Yen (FX:USDJPY)  
CashmereRyanL  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Multiple Time Frame Analysis
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trendanalysis chartpattern mtfa
We're looking for price to correct its bullish move from the weekly perspective to go and retest the previous resistance which is now support @ 130.50

We also see price decelerating on the daily chart while also forming a double top, indicating a potential reversal to the downside. We'll be finding our confirmation on the intraday timeframes.

First target is @ 133.000 (psychological round number level) 🎯

Stay strapped and control risk 🙏🏼📈
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