USDJPY Triple Top Short
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
TP 1 105.6
TP 2 104.4
SL 108.0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.