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USDJPY: Trading Plan

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
VasilyTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex trading Technical Analysis USD jpy USDJPY dollar yen USD (US Dollar)
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trendanalysis chartpattern indicator forex trading technicalanalysis usd jpy usdjpy dollar yen usd-us-dollar
snapshot

USDJPY is currently retesting the recent market high.

It looks like the market may form a double top pattern.
Pay close attention to a rising channel and sell the market in case of a bearish breakout.

Stop will be strictly above the higher high.
Target levels: 109.3 / 109.0

*if the market goes higher and closes above the current high, our setup will be invalid.
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