USD.JPY - Bearish Cypher At Market
Updated
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
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