USD.JPY - Bearish Cypher At Market
Currency pair - USD.JPY
Chart timeframe - 1hr
Area of interest - 112.383 & 112.590
Chart pattern - Bearish Cypher
Potential target 1 - 112.102
Potential target 2 - 111.935
Potential extended target - 111.823
Chart timeframe - 1hr
Area of interest - 112.383 & 112.590
Chart pattern - Bearish Cypher
Potential target 1 - 112.102
Potential target 2 - 111.935
Potential extended target - 111.823
Note
Please be cautious in trading this setup, i would await more confirmation.Note
A double top is now expected with bearish RSI divergence.Note
This setup is now longer valid due to a break and close above the X leg
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.