USDJPY Weekly Patty Melt
USDJPY tested the weekly trend-line and rejected well.
On daily and 240M charts we see rejection of the key 110.1/109.9 POI zone with what appears to be a double top.
If this large structure is valid, we have targets of 108.3, 107.2 & 105.9.
105.9 comes quite close with anticipated intersection with bottom of weekly trend-line - not off the table, but a long hold.
On daily and 240M charts we see rejection of the key 110.1/109.9 POI zone with what appears to be a double top.
If this large structure is valid, we have targets of 108.3, 107.2 & 105.9.
105.9 comes quite close with anticipated intersection with bottom of weekly trend-line - not off the table, but a long hold.
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