USDJPY Potential Short Trade
Structure: Sideway (108.45 - 109.70)
Moving Average: Uptrend
Trendline: Weekly Downtrend Line
Pattern: Double/Triple Top
Trigger: Breakdown of Week Low
Resistance: 109.70 - 110
Potential lower high may be formed at 109.30-109.40
Wait for Reversal Signal on 1H to short
First Target: 108.50
Second Target: 107
SL: 109.80 or 110.20
Moving Average: Uptrend
Trendline: Weekly Downtrend Line
Pattern: Double/Triple Top
Trigger: Breakdown of Week Low
Resistance: 109.70 - 110
Potential lower high may be formed at 109.30-109.40
Wait for Reversal Signal on 1H to short
First Target: 108.50
Second Target: 107
SL: 109.80 or 110.20
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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.
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.